The Environmental Protection Agency proposed the new regulations Tuesday, making a significant step toward fulfilling the White House’s March pledge to pare oil and gas methane emissions by 40 to 45 percent by 2025.
The Environmental Defense Fund says some major oil companies are taking steps to reduce leaks of the greenhouse gas methane, the main component of natural gas, but that hundreds of smaller companies aren’t.
Environmental groups on Thursday pressured the Obama administration to clamp down on methane leaking from the oil and gas sector by imposing new regulations targeting wells, valves and other infrastructure.
Oil companies and environmentalists can find common ground, Noble Energy Inc. CEO Chuck Davidson said Tuesday, pointing to first-of-their-kind regulations in Colorado aimed at corralling methane emissions from drilling.
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