US EPA to Rescind Methane Leak Rule

The EPA announced plans to scrap a Biden era rule targeting methane leaks from oil and gas operations. The administration states the move will save billions annually while environmental groups strongly criticize the decision.

Xurve View
Insights:
Flaring is seen at a gas processing facility in the Permian Basin in New Mexico, U.S., April 6, 2023. REUTERS/Liz Hampton/File Photo

The United States Environmental Protection Agency announced on Wednesday morning plans to rescind a Biden-era rule targeting methane leaks from oil and gas operations. The repeal forms part of a broader regulatory rollback designed to lower compliance costs for domestic producers. The agency estimates the reversal will save $45 billion annually.

IUX24

IUX24 AI-powered financial news and market intelligence. Think and act like smart money.

IFZA Properties, Dubai Silicon Oasis, DSO-IFZA, Dubai, United Arab Emirates

Copyright IUX24 MEDIA - FZCO. All rights reserved.

Powered by AI • Made with precision

IUX24 is an information and analytics platform providing news, market data, analytical tools, and AI-powered features for informational and educational purposes. The Services and information provided do not constitute investment advice, trading signals, or brokerage services. Investing involves risk, and Users should carefully evaluate information before making investment decisions.