President Donald Trump said Tuesday his administration is “terminating” a Biden-era rule limiting methane emissions from oil and gas drilling, claiming the change will save consumers and producers $45 billion and unlock 210 million barrels of oil, the Associated Press reported.
Trump made the announcement at a campaign rally in Texas, where he is stumping for Senate candidate Ken Paxton one week before the Nov. 3 midterms. The 210 million barrels is roughly 10 days of U.S. petroleum consumption.
The Environmental Protection Agency proposal would roll back requirements that companies fix leaky equipment and regularly check wells for escaping methane, a White House official told Reuters. It would give relief to small, low-output wells, end a program that used outside groups to report large methane leaks and ease rules aimed at phasing out the routine burning of gas at oil wells.
EPA Administrator Lee Zeldin previewed the changes last month, saying they would eliminate the agency’s “Super Emitter Program.” Zeldin has said the Biden rule would have cost $18 billion and was holding back the energy industry. “The Trump EPA is committed to fixing this so the U.S. can reach its full energy potential,” he said.
The move is the latest in a string of pre-election steps aimed at gasoline prices, which have become a political liability for Republicans amid the war with Iran. Trump’s Texas swing, his third visit this month to boost Paxton, included rallies in Corpus Christi and Lubbock. Paxton is in a close race with Democrat James Talarico, and The Washington Post also reported on the plan.
The Biden methane rule was unveiled at the 2023 U.N. climate conference in the United Arab Emirates and finalized in 2024. Unlike earlier regulations, it covered existing wells as well as new ones and required operators to plug leaks at smaller wells that produce about 6% of the nation’s oil and gas but account for up to half of methane emissions from oil and gas fields.
Biden officials projected $98 billion in benefits by 2034, a figure built on the “social cost” of greenhouse gases, a method the Trump EPA rejects. The EPA last year delayed the rule’s inspection requirements by 18 months.
The rule was designed to work alongside a methane fee of up to $1,500 per metric ton created by the 2022 climate law. Congress repealed that fee weeks after Trump took office.
Environmental groups say the rollback lets companies waste gas that could be captured and sold. “It will impose a heavier pollution burden on our front-line communities and make our energy sector less efficient,” said Max Lopez, an attorney with the Environmental Law & Policy Center. The Hill and the Oil & Gas Journal also detailed the plan.
Methane, the main component of natural gas, traps far more heat than carbon dioxide in the short term. Oil and gas operations are its largest industrial source.
The proposal must still go through public comment before it can be finalized. It joins the administration’s revocation of the endangerment finding, lower vehicle fuel-economy standards and a push to repeal power-plant emission limits.
Content created by Conservative Daily News and some content syndicated through CDN is available for re-publication without charge under the Creative Commons license. Visit our syndication page for details and requirements.
White House economic adviser Kevin Hassett said inflation-adjusted spending is up about $5,000 per household…
A federal judge ruled that Trump administration pick Bill Essayli is unlawfully serving as the…
Brent crude rose above $115 a barrel Wednesday after Yemen's Houthis said they hit Saudi…
Exit polls show Likud as the largest party but Prime Minister Benjamin Netanyahu's coalition well…
The Texas government announced that the Lone Star State has added nine islands along the…
A Washington grand jury rejected the Justice Department's bid to charge the former Meadows aide…