"Bold EPA Rule Slashes Methane Pollution, Averting Climate Disaster"

The Environmental Protection Agency (EPA) has announced strict new regulations aimed at reducing methane emissions from the oil and gas industry. The new rule, part of President Biden's climate change efforts, is expected to reduce methane emissions by nearly 80% and prevent an estimated 58 million tons of methane emissions from 2024 to 2038. The rule includes a "Super Emitter Program" to detect and report large methane releases, a requirement to phase out routine natural gas flaring, comprehensive monitoring for methane leaks, and standards for reducing emissions from equipment. While larger companies have welcomed the rule, smaller companies fear increased costs, and the industry's largest trade group, the American Petroleum Institute, is still reviewing the final rule and may challenge it in court.