US EditionLobby group says emissions cap would cost oil and gas sector $75B in lost investment
- If oil and gas drillers reduced greenhouse gas emissions by 40% by 2030, there could be a $75 billion decrease in capital investment over nine years, resulting in one million barrels less of daily production by 2030 and 51,000 fewer jobs by 2030.
- The report confirms that the government's proposed emission cap would indirectly limit fossil fuel production, aligning with the industry’s concerns.
- The study also considers the potential impact of methane regulations, projecting a 75% reduction in emissions by 2030, highlighting the uncertainty of these policies.
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Coverage Details
Total News Sources26
Leaning Left13Leaning Right2Center3Last UpdatedBias Distribution72% Left
Bias Distribution
- 72% of the sources lean Left
72% Left
L 72%
C 17%
11%
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