The API has said that it is going to work with the Environmental Protection Agency to improve the agency’s new voluntary program on methane emissions but did caution against duplicative regulations on oil and gas operations.
API Senior Director of Regulatory and Scientific Affairs, Howard Feldman said, “even as oil and natural gas production has risen dramatically, methane emissions have fallen, thanks to industry leadership and investment in new technologies. Methane is the primary component of natural gas, and emissions will continue to fall as operations innovate and find new ways to capture and deliver more of it to meet consumer demands. Voluntary programs are the best way to reduce methane emissions from existing sources. Industry is already incentivised to best determine how to cost effectively reduce emissions and will consider participation in a voluntary program provided it has the necessary flexibility and incentives.”
The EPA’s latest GHG inventory reported that methane emissions from hydraulically fractured natural gas wells are down 79% since 2005. Total methane emissions from natural gas systems are down 11% since 2005, a direct result of industry innovation according to the API.
Feldman continued, “the oil and natural gas revolution is driving unprecedented job growth, providing Americans with affordable energy, and helping to reduce emissions. In fact, safe and responsible development of energy from shale has helped the US cut CO2 emissions to near 20 year lows. Additional regulations on methane by EPA and other agencies could have a chilling effect on the American energy renaissance, our economy, and our progress reducing emissions.”
Edited from press release by Claira Lloyd