Global Efforts to Reduce Methane Emissions Gain Momentum at COP28

The Biden administration has unveiled final rules aimed at reducing methane emissions from the US oil and gas industry as part of a global effort to combat climate change. The rules, announced at the COP28 climate change conference in Dubai, require oil companies to monitor for leaks, ban routine flaring of natural gas, and establish a program to detect large methane releases. The regulations are expected to prevent an estimated 58 million tons of methane from reaching the atmosphere between 2024 and 2038. Environmental groups have praised the rules, while the oil and gas industry is reviewing them.