US President to Announce Plans to Curb Methane Gas Emissions from Oil and Gas Industry

US President to Announce Plans to Curb Methane Gas Emissions from Oil and Gas Industry

It has been found that President Obama most likely this week will be announcing a plan to reduce the methane gas emissions from oil and gas industry.

Methane, which is a major component for natural gas, accounts for almost 9% of the total greenhouse gas emissions in the United States. It is also the second-largest source of greenhouse gas emissions in the US from human activities.

According to The New York Times, the Environmental Protection Agency will be drafting some proposed rules later this year. Also, the regulations will most likely be finalized by 2016.

According to the sources, the broad, preliminary plan, which is expected to unveil this week, aims to cut the emissions 40% to 45% by 2025 as compared with the 2012 levels.

These regulations will be formed from a mix of voluntary steps by industry and regulations from both the Environmental Protection Agency and the Interior Department.

President Barack Obama since long wanted to cut the methane emissions as part of his broader aim to slow global warming.

It has been found that the concerns related to methane emissions, a potent greenhouse gas, have grown amid a boom in natural gas drilling.

However, the oil industry has said that such rules are not necessary as the industry is already working to reduce methane leakage.

But still some environmentalists and scientists argue on the point that without methane controls, the ongoing shift from coal to natural gas will have less environmental benefit.

It was found that the administration's methane goal, first reported by The New York Times, lacks some key details about what regulations are actually needed.

As per government estimates, Methane is roughly 21 times more powerful at trapping heat in the temperature. The formal rule-making process will not start until later this year, said sources.

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