"The new methane rules are the latest part of a broader push by President Obama to cut greenhouse-gas emissions from industries across the economy," Davenport writes. "EPA regulations would cut carbon-dioxide emissions from cars, trucks and power plants, and new rules are in the works to reduce emissions from airplanes. Many of those regulations could face years of litigation before they can go into force."
EPA said the rules will help "cut methane emissions 40 to 45 percent below 2012 levels by 2025 and forms a key part of the U.S. plan to meet its Paris climate agreement pledge," Valerie Volcovici reports for Reuters. "The rule, first proposed last August, outlines safeguards for preventing the escape of methane from new and modified oil and natural gas infrastructure, the largest source of those emissions in the U.S. EPA also launched an 'Information Collection Request' that requires companies to provide details about their existing oil and gas facilities from autumn 2016 until early 2017. This is the first step toward regulating existing sources, which accounts for 90 percent of U.S. methane emissions."
Oil and gas industry groups have vowed to fight the regulations. Kyle Isakower, vice president for regulatory policy at the American Petroleum Institute, told Davenport, “It doesn’t make sense that the administration would add unreasonable and overly burdensome regulations when the industry is already leading the way in reducing emissions. Imposing a one-size-fits-all scheme on the industry could actually stifle innovation and discourage investments.”