The Biden administration’s final revisions to the nation’s methane regulations, launched on Saturday, drew sharp criticism from energy trade groups, even as 50 of the world’s largest natural gas and oil producers pledged more emissions cuts.

emissions

Long expected, the U.S. Environmental Protection Agency (EPA) final rulemaking revised the Clean Air Act (CAA) methane and volatile organic compound emission standards. Methane is the main component of natural gas. 

Administrator Michael Regan unveiled the updated rulemaking at the 28th Conference of Parties (COP28) climate summit in Dubai. 

[Want to visualize Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural gas price snapshot now.]

“We’ve crafted these technology standards to advance...