By May 13, 2016 Read More →

Obama Administration’s methane rules could put shale energy revolution at risk – API

“Natural gas is a proven source of clean, affordable, and reliable energy.”

New regulations on methane emissions the Obama administration announced Thursday could harm America’s shale energy revolution that has lowered U.S. carbon emissions, lowered costs for American consumers by more than $550 at the pump in 2015, and added $1,337 in disposable income per household in 2015, says American Petroleum Institute’s VP of Regulatory and Economic Policy Kyle Isakower.

“The industry is already leading the way on methane reductions because it is good for the environment and good for business,” Isakower said.

Even as oil and natural gas production has risen dramatically, methane emissions have fallen, thanks to industry leadership and investment in new technologies, Isakower says.

“It doesn’t make sense that the administration would add unreasonable and overly burdensome regulations when the industry is already leading the way in reducing emissions. Imposing a one-size-fits-all scheme on the industry could actually stifle innovation and discourage investments in new technologies that could serve to further reduce emissions,” said Isakower.

“Natural gas is a proven source of clean, affordable, and reliable energy.  The development and use of natural gas from shale has helped the U.S. lead the world in cutting power sector carbon emissions, which are near 20-year lows. The last thing we need is more duplicative and costly regulation that could discourage natural gas production, disrupt our progress reducing emissions, and increase the cost of energy for American consumers.”

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