The Biden administration has officially adopted a regulation that will drastically reduce the release of methane by the US fossil fuel industry. Methane is a potent gas that contributes to global warming, and scientists and environmental groups have been urging countries to minimize its production as global temperatures continue to rise.
The rule, to be introduced by Environmental Protection Agency Administrator Michael Regan and White House National Climate Adviser Ali Zaidi, will be revealed at the COP28 climate summit in Dubai. This summit is expected to focus on methane emission reduction and is anticipated to include several multi-lateral announcements on the topic.
Methane is a byproduct of fossil fuel extraction and is a major contributor to climate pollution. The US rule, to be enforced by the EPA, is projected to reduce methane emissions by nearly 80% through 2038. This will prevent approximately 58 million tons of methane from being released into the atmosphere during that period, equivalent to removing over 300 million gas-powered cars from the road for a year.
The new rule will address methane leaks from the industry, ending routine flaring of natural gas during oil well drilling, requiring stringent leak monitoring of wells and compressors, and using third-party monitoring technology to identify large methane leaks.
The Biden administration’s actions are a strong signal of the US’s commitment to substantially reducing methane emissions. Methane emissions have surged in recent years, and experts believe ending flaring and venting and capping leaks are essential steps to slowing global warming.
Environmental experts and climate advocates are confident that oil and gas companies have strong incentives to fix leaks and stop flaring, with potential for reduced pollution and increased production of oil and gas products.
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