API has issued the following statement regarding the Bureau of Land Management’s (BLM) release of a new proposed rule addressing methane emissions related to oil and natural gas production.
“We welcome today’s announcement by the BLM as an important step towards our shared goal of reducing emissions,” said API’s Upstream and Industry Operations Group Director, Erik Milito. “We are supportive of smart regulation that is effectively tailored to BLM’s authority to prevent waste and conserve resources, an objective that our industry shares. We are hopeful that the new proposed rule will strengthen our nation’s energy renaissance, our economy and environmental stewardship.
“Effective energy policy can bolster the achievements of industry best practices and innovations along with cost-effective state and federal efforts that are already providing strong environmental leadership. This successful combination has led to a decline of 16.3% in methane between 1990 and 2015, according to the 2017 EPA US GHG Inventory report, at a time when natural gas output increased 51.9%. This is in addition to the US leading the world in reducing carbon emissions, which are now near 25-year lows.”
Read the article online at: https://www.hydrocarbonengineering.com/refining/13022018/api-welcomes-new-blm-emissions-rule/