API SEEKS REVIEW OF EPA RULE TO CUT METHANE EMISSIONS

The American Petroleum Institute filed a petition with a federal appeals court in Washington to review the Environmental Protection Agency ’ s new regulations targeting methane emissions from oil and natural gas operations , according to news reports .

“ API is continuing to work with EPA to advance a final methane rule that builds on the industry ’ s emissions reduction progress , but we remain concerned with some technical provisions and implementation hurdles in the final rule ,” API Vice President of Natural Gas Markets Dustin Meyer told BNN Bloomberg in an article published May 7 , one day after the Biden-Harris administration announced a final rule to cut methane emissions , and strengthen greenhouse gas emissions reporting for the oil and gas sector .

API ’ s Vice President of Corporate Policy Aaron Padilla said in a May 6 statement on the EPA ’ s final revision to the Greenhouse Gas ( GHG ) Reporting Program :

“ API has raised serious concerns about several aspects of the proposed EPA Subpart W rule , including flawed methodologies that could lead to inaccurate reporting of higher GHG emissions and increased taxes on American energy at a time of geopolitical instability and economic inflation . We are reviewing the final rule and will work with Congress and the administration as we continue to reduce GHG emissions while producing the energy the world needs .”

In October 2023 , API urged the Biden administration to revise the proposed Subpart W greenhouse gas ( GHG ) reporting rule so that it reflects the progress industry has made to reduce emissions , increases transparency and accuracy of reporting , and incentivizes innovations in the use of empirical data and cost-effective methane

14 JUNE 2024 | FUEL OIL NEWS | www . fueloilnews . com