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Author Topic: US set to fine oil and gas companies for methane leaks  (Read 278 times)

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Offline rangerrebew

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US set to fine oil and gas companies for methane leaks
« on: August 23, 2022, 02:21:38 pm »
US set to fine oil and gas companies for methane leaks
Published on 29/07/2022, 5:12pm
The fee is thought to be the first in the world and is likely to at least halve the oil and gas sector’s methane leakage rate


The Inglewood Oil Field in Los Angeles (Photo: Peter Bennet/Greenpeace)

By Joe Lo

A proposed US climate bill will introduce a charge on methane leaks from oil and gas facilities, believed by experts to be the first of its kind in the world.

After hold-out Senator Joe Manchin agreed to it, the Inflation Reduction Act looks set to become law, introducing $370 billion of climate spending.

The bill would introduce a “waste emissions charge”, making companies who produce, transport or store oil and gas pay for methane which leaks from their facilities into the atmosphere.

Methane is a particularly potent greenhouse gas and frequently leaks from oil and gas pipelines as a waste product. Companies have allowed it to leak because they either don’t know about it or they think fixing it will cost them more than it saves.

https://www.climatechangenews.com/2022/07/29/us-set-to-fine-oil-and-gas-companies-for-methane-leaks/
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Offline rangerrebew

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Re: US set to fine oil and gas companies for methane leaks
« Reply #1 on: August 23, 2022, 02:33:03 pm »
Will they be able to fine farmers for cow farts?  If not now, they will in the future.  You can count on it. :yowsa:
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Online Smokin Joe

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Re: US set to fine oil and gas companies for methane leaks
« Reply #2 on: August 23, 2022, 08:40:12 pm »
Well the biggest fines should be for the damned uncontained flatulence coming out of D.C.

In the oil and gas industry, lost methane is lost revenue.
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