The EPA announced new rules today that would slash methane leaks from the oil and gas sector, a significant source of carbon emissions that represents 30 percent of methane pollution in the US.
Nearly every step in the oil and gasoline supply chain would be affected, from production to processing, storage, and transmission. In a first, the particular rules would apply to old wells in addition to brand new ones, and they would introduce “a comprehensive monitoring program to require companies to find and fix leaks, ” the EPA said. Altogether, the rules would trim typically the oil and gas sector’s methane leaks by 75 percent, this administration estimated.
Leaks are rife throughout the industry, amounting to 2. 3% of all natural gas production in often the US. Globally, leaks are responsible for just over 5 percent of all energy-related greenhouse gas emissions, according to the International Energy Agency.