As the U.S. chemical sector grows and expands, fueled by a surge in domestic gas production, the European chemical industry is stagnating, plagued by high production costs and a lack of investment in new plants and research and development.
New and potential mandates forcing oil companies to clamp down on methane leaking from wells, valves and pipelines could be a money-maker for the growing industry built around finding and stopping that pollution, according to a report issued Thursday.
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.
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