Tighter Methane Rules Shouldn't Hurt Too Much
Seven states plan to sue the Environmental Protection Agency. They want the federal government to regulate methane gas emissions from the nation's oil and gas wells. Up to now, the EPA has preferred to rely on existing state and regional regulations. If the EPA continues with current policies, a legal battle will likely ensue, and that battle could reach the U.S. Supreme Court. But no matter what happens between the litigants, the industry will likely continue drilling and producing oil and natural gas.
In their notice of intent to sue, the states of New York, Connecticut, Delaware, Maryland, Massachusetts, Rhode Island and Vermont informed the EPA administrator that they believe the EPA failed to determine whether standards of performance are appropriate for the nation's methane emissions from oil and natural-gas operations. The states are demanding the EPA establish such standards and related guidelines for new and existing sources....425 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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