WASHINGTON (Reuters) – President Barack Obama’s administration will unveil new rules Wednesday that aim to slash methane emissions from oil and gas production by up to 45 percent by 2025 in its latest move to solidify the Democratic president’s credentials on climate change.
Under the proposal, the Environmental Protection Agency and Department of Interior will issue measures to contain leaking methane, a potent greenhouse gas, from new drilling equipment and from old and new production facilities located on public lands.
Bright and early. WH to unveil plan to curb methane from oil and gas sector. Will it put the U.S. on track to meet its 2020 #GHG target?
Happy New Year from the bottom of Africa
WASHINGTON (Reuters) – The main U.S. export authority is telling some oil companies that they should consider exporting a lightly processed form of crude oil called condensate without formal permission, according to people familiar with the discussions.
In conversations that may help clear the way for more overseas sales of U.S. shale oil, the Commerce Department’s Bureau of Industry and Security (BIS) has told companies seeking clarification on the legal status of so-called “processed condensate” that self-classification – whereby companies export their product without any formal authorization – could be a way forward, the people told Reuters.