API sees no point in additional regulations on methane emissions
Methane emissions from oil and natural gas production are falling, and new regulations on methane proposed by the Obama administration could disrupt America’s energy renaissance, according to Jack Gerard, API president and CEO.
“As oil and natural gas production has risen dramatically, methane emissions have fallen thanks to industry leadership and investment in new technologies,” Gerard said. “And even with that knowledge, the White House has singled out oil and natural gas for regulation, where methane emissions represent only two percent of total greenhouse gas emissions.”
Gerard further said that emissions will continue to fall as operators innovate and find new ways to capture and deliver more methane to consumers, and existing EPA and state regulations are working. Another layer of burdensome requirements could actually slow down industry progress to reduce methane emissions.
A 2014 University of Texas study found that methane emissions are 10 percent lower than what the same research team found in a study released in September 2013, and EPA recently observed that methane emissions from hydraulic fracturing have fallen by 73 percent since 2011.
“Onerous new regulations could threaten the shale energy revolution, America’s role as a global energy superpower, and the dramatic reductions in CO2 emissions made possible by an abundant and affordable domestic supply of clean-burning natural gas,” Gerard said.
Gerard urged the government to implement sound policies, but this plan seems to be based on politics. He expressed hope that EPA will work with industry during the regulatory process to ensure that any regulations are based on science and technology and do not impair the industry’s ability to supply America with energy.
Press Release; Image: API