November 29, 2022 9:05pm EST
Biden admin set to impose another rule on US oil and gas while courting Venezuelan oil
President Biden has had a hostile relationship with the oil industry since taking office
By Bradford Betz FOXBusiness
The Biden administration this week proposed new rules aimed at limiting methane leaks from oil and gas drilling on federal lands.
The proposal, released Monday by the Interior Department's Bureau of Land Management, would put limitations on gas flaring on federal land and require energy companies to detect methane leaks better.
The proposal follows another plan announced by Biden during a global climate conference in Egypt earlier this month. The Nov. 11 proposal targets the oil and gas industry for what the administration says is its role in global warming.
Monday’s proposal would prevent billions of cubic feet of natural gas from being wasted through venting, flaring and leaks, boosting efficiency while at the same time reducing pollution, administration officials said. The rule would impose monthly limits on flaring and charge fees for flaring that exceeds those limits.
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https://www.foxbusiness.com/politics/biden-admin-set-impose-another-rule-us-oil-gas-while-courting-venezuelan-oil
