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Trump to unveil plan to loosen methane rules for oil and gas industry
The proposal would ease rules on leaking equipment, marginal wells and flaring, and EPA Administrator Lee Zeldin says it could save companies $45 billion.
On Tuesday, President Donald Trump will unveil a proposal easing federal methane regulations at a campaign rally in Lubbock, Texas, aiming to boost U.S. domestic energy production and lower costs for producers and consumers.
The Trump Administration is revisiting the Biden Administration's 2024 oil and natural gas rules as the Environmental Protection Agency addresses widespread concerns from American energy producers and operators about excessive compliance costs.
Regulatory relief will focus on marginal wells producing below 15 barrels of oil equivalent per day, while the Environmental Protection Agency expects to scrap the Methane Super Emitter Program that was halted last year.
Bloomberg reports nearly 79% of all oil and gas wells in the United States are considered marginal, meaning the relief affects the vast majority of domestic producers addressing concerns that "the 2024 Rule is unworkable and is holding back American energy dominance."
EPA Administrator Lee Zeldin announced the agency will soon propose further parts of its comprehensive reconsideration of existing rules, ensuring Americans can afford to heat their homes and drive to work.
Donald Trump is scheduled to announce on Tuesday his plan to return to a set of rules limiting methane emissions, an extremely polluting greenhouse gas, in the gas and oil sector. ...