Supreme Court Clears the Way for Biden’s Methane-Control Plan: A Key Step in the Fight Against Climate Change The recent Supreme Court ruling marks a pivotal moment in the U.S. climate agenda by allowing the Biden administration to proceed with its ambitious methane-control regulations. This decision is critical because methane is over 80 times more potent than carbon dioxide in trapping heat over a 20-year period, according to the Intergovernmental Panel on Climate Change (IPCC). Why This Matters: Methane is responsible for approximately 30% of the global rise in temperatures since the pre-industrial era, making it a key target in climate mitigation strategies. The U.S. oil and gas industry is one of the largest sources of methane emissions, accounting for about 25% of total U.S. methane emissions. By tightening regulations, the Biden administration aims to cut methane emissions from the oil and gas sector by 87% below 2005 levels by 2030. The Environmental Protection Agency (EPA) estimates that the new rules will reduce 36 million tons of methane emissions over the next decade, which is equivalent to taking more than 200 million cars off the road for a year. This is a monumental step toward meeting the U.S. climate goal of 50-52% greenhouse gas emissions reduction by 2030, as part of the Paris Agreement. Implications for the Energy Sector: For energy companies, this ruling means adapting quickly to new standards, including upgrading leak detection systems and eliminating routine flaring. While the EPA estimates that the initial cost to the industry could be up to $1 billion per year, it also projects significant long-term savings from capturing and selling gas that would otherwise be wasted. Moreover, reducing methane emissions is not just about compliance—it’s an opportunity for companies to future-proof their operations against stricter environmental regulations worldwide. This ruling is a clear signal that addressing methane emissions will be a cornerstone of U.S. climate policy moving forward. It presents both challenges and opportunities for the energy sector, as the world transitions toward more sustainable energy solutions. The Road Ahead: As we move forward, collaboration between regulators, industry leaders, and technology providers will be essential to meeting these targets. The implementation of these methane-control measures is expected to set a global precedent, potentially inspiring other major gas-producing nations to follow suit.
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The Biden administration is taking a significant step to combat climate change by announcing $850 million in funding for projects aimed at reducing methane emissions from oil and gas production. The grants, funded through the 2022 Inflation Reduction Act, will be awarded by the DOE and EPA across three main categories. First, there will be support for small oil and gas producers to reduce methane emissions from existing wells and infrastructure. Second, up to 26 awards will focus on minimizing leaks from equipment such as engines and compressors. Third, funding will be allocated to partnerships for tracking methane emissions in communities near oil and gas infrastructure. Methane, a potent greenhouse gas, is a major contributor to climate change, and cutting its emissions is seen as a crucial short-term measure. The EPA's recent rules and the upcoming grant program underscore the administration's aggressive stance on reducing methane pollution. How will these new grants impact small vs. large producers in the oil and gas industry? What are the potential benefits for communities living near oil and gas infrastructure? Can this funding and the new regulations significantly reduce the US's methane emissions? https://lnkd.in/dBtYpQUG
Biden administration targets methane releases from oil, gas sector with $850 million in grants
ogj.com
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🚨 Breaking News 🚨 Today, the U.S. EPA issued a final rule updating methane emissions reporting requirements for petroleum and natural gas systems under EPA’s Greenhouse Gas Reporting Program. Stop by booth #3205 at the Offshore Technology Conference (OTC) to learn more about what #MAFA is doing to help the #oilandgas industry reduce #methane emissions through #progressoverpromises! https://lnkd.in/eSH_nkmu.
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epa.gov
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Normative or exploratory – how should scenarios be developed?
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Widespread decarbonization efforts have pushed Oil & Gas companies to virtually eliminate fugitive emissions. Effective strategies: https://lnkd.in/e7seYXT #OilAndGas #NaturalGas #Emissions
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