Big oil is backing methane regulation gas and water llc

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In Houston, Shell executives urged the EPA electricity merit badge worksheet answers to stick with federal regulations on methane. EOG Resources has agreed to methane targets at the behest of its own shareholders. BP’s CEO Bob Dudley made a big show of support for action on climate change, as well as a more open approach to the way the oil industry does business. Meanwhile, the Trump administration is rolling back methane limits at the federal level.

Methane is a powerful greenhouse gas, as much as 80 times more powerful than carbon dioxide over a shorter time period. Methane can leak from pipelines and processing facilities during the extraction and shipment of natural done with electricity tattoo book gas. While the oil and gas industry has opposed federal regulations on methane emissions, some are warming up to the idea.

There are a few reasons for this. First, capturing methane, rather than letting it leak, can be more profitable for companies, at least in theory. Second, the oil majors are increasingly gas majors. They are making long-term bets on natural gas, particularly as climate regulations force out dirtier forms of energy like coal. If future economies are v gashi going to be carbon-constrained, the industry had better plug their electricity news philippines leaks. Third, the majors have the resources and technologies to cut methane emissions, and since they are under pressure to do so, they want to drag the rest of the industry along.

ExxonMobil has been working with Environmental Defense Fund (EDF) on monitoring and reducing methane emissions. Matt Kolesar, regulatory manager at XTO Energy, a subsidiary of Exxon, said that they have slashed methane leaks since launching a leak detection program in 2017. “Just 18 months into our voluntary program we’ve achieved nearly a 40 percent decrease in observed leak frequency,” Kolesar said gas hydrates are used in an interview with EDF.

But there seems to be a change in tone more recently. BP, despite having lobbied against methane rules, announced that it too was electricity and magnetism notes going to team up with EDF to limit methane emissions. “We believe in direct federal regulation of methane for new and existing sources here in the United States,” Bernard Looney, head of BP oil and gas production, told Reuters.

So, we now have BP, Shell and ExxonMobil calling on the Trump administration to tighten methane regulations. “We are pleased that companies like Exxon and Shell acknowledge the need for federal methane regulation,” said Lila Holzman, energy program manager of As You Sow, a nonprofit organization that promotes environmental and social corporate responsibility through shareholder advocacy. “Smart methane controls represent the low-hanging fruit 76 gas credit card login that companies should implement while transitioning their business models toward complete Paris-compliance.”

The oil industry is under increasing pressure to take action from both the public and from shareholders. Meanwhile, the Trump administration is taking its deregulatory campaign to lengths that even the oil industry is uncomfortable with. If the gas yourself in car likes of ExxonMobil, BP and Shell are on board with tighter regulation, it seems likely that it will occur with a new President in the White House.