EPA finalizes stronger methane reporting rules for oil and gas industry under Inflation Reduction Act.

EPA finalizes stronger methane reporting rules for the oil and gas industry, as required by the Inflation Reduction Act. The new guidelines expand and update emission reporting requirements, aiming to increase transparency and accuracy. Studies have shown that EPA's previous formula undercounted methane emissions, a potent greenhouse gas. The revised rule may increase the number of companies liable to pay methane fees by 2026.

May 07, 2024
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