"President Joe Biden pledged to use “all available tools” to rein in methane when he was elected three years ago.
Now his promise is coming due.
Federal agencies are poised to release a battery of rules in the coming months that crack down on the oil and gas sector for releasing the potent greenhouse gas. That includes regulations for leaky pipelines; energy production on public and private lands; and infrastructure related to processing, transporting and storing natural gas. Even liquefied natural gas terminals and offshore petroleum production facilities, which aren’t covered by EPA’s coming methane rules, could find themselves paying for excessive leaks beginning in 2025.
That’s on top of other methane efforts. The Energy and State departments are creating guidelines to distinguish relatively climate-friendly fuel producers and exporters from their more high-emitting competitors. And the Securities and Exchange Commission and federal procurement agencies are readying rules that would require publicly traded companies and government contractorsto report on direct and indirect greenhouse gas emissions, including methane, from their supply chains."
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