Trump Administration Finalizes Methane Rule That Will Loosen Restrictions on Gas Flaring, Increase Pollution
Key Takeaway
The new EPA methane rule loosens gas flaring restrictions, potentially lowering compliance costs for gas producers but increasing emissions, which could indirectly influence future natural gas prices and the regulatory environment for gas-fired power.
AI Summary
- •The EPA has finalized a reconsideration of the 2024 methane rule, loosening restrictions on gas flaring at oil wells.
- •This regulatory change is projected to increase gas flaring, leading to higher climate and air pollution.
- •Oil and gas producers may experience reduced compliance costs associated with methane capture and disposal.
- •For developers and large loads, this could indirectly influence natural gas supply dynamics and pricing by altering producer economics, a key input for gas-fired power generation.
Topics
Article Content
WASHINGTON, D.C. — Yesterday, the EPA finalized its first reconsideration of the 2024 methane rule, an action that will increase gas flaring at oil wells and increase climate and air pollution. Finalized by the EPA in December 2023 following a robust comment period, the methane pollution standards represented a major win for climate and ... [continued] The post Trump Administration Finalizes Methane Rule That Will Loosen Restrictions on Gas Flaring, Increase Pollution appeared first on CleanTechnica .