In an announcement posted on its web site this week, the American Petroleum Institute (API) commented on the U.S. Environmental Safety Company’s (EPA) closing revisions to the Greenhouse Fuel (GHG) Reporting Program.
“API has raised severe issues about a number of facets of the proposed EPA Subpart W rule, together with flawed methodologies that might result in inaccurate reporting of upper GHG emissions and elevated taxes on American power at a time of geopolitical instability and financial inflation,” API Vice President of Company Coverage, Aaron Padilla, stated within the assertion.
“We’re reviewing the ultimate rule and can work with Congress and the administration as we proceed to cut back GHG emissions whereas producing the power the world wants,” he added.
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The assertion included a hyperlink to a earlier assertion posted on the API website again in October final yr. In that assertion, the API stated it urged the Biden administration to revise the proposed Subpart W GHG reporting rule “in order that it displays the progress business has made to cut back emissions, will increase transparency and accuracy of reporting, and incentivizes improvements in the usage of empirical information and cost-effective methane detection applied sciences”.
“In feedback submitted to the U.S. Environmental Safety Company on the proposed ‘Greenhouse Fuel Reporting Rule: Revisions and Confidentiality Determinations for Petroleum and Pure Fuel Techniques’, API joined with the American Exploration & Manufacturing Council, Unbiased Petroleum Affiliation of America, the Petroleum Alliance of Oklahoma, and the American Gas and Petrochemical Producers in expressing concern that a number of parts of the rule as proposed may create undue value burdens on producers and create regulatory incoherence with associated regulatory efforts to cut back methane emissions,” the API famous in that assertion.
“The associations additionally reiterated their assist for a cheap, technically possible closing rule and proposed options to enhance lots of the methodologies within the proposed rule,” it added.
In that assertion, Padilla stated, “since its inception, the oil and pure gasoline business has participated as key collaborative stakeholders advancing the EPA Greenhouse Fuel Reporting Program (GHGRP) by contributing experience and proposing methodologies that replicate the truth of the business and its evolving daily working practices”.
“We strongly assist an correct GHG emissions reporting framework, although we’re additionally involved that a number of facets of EPA’s method with this proposed rulemaking may in the end hinder innovation and impose excessive implementation burdens with out the identical degree of added worth for the general public,” he added.
Rigzone has requested the EPA and the White Home for touch upon each API statements. On the time of writing, neither division has responded to Rigzone with a remark but.
In an announcement posted on its web site this week, the EPA stated it issued a closing rule “to strengthen, increase, and replace methane emissions reporting necessities for petroleum and pure gasoline techniques below EPA’s Greenhouse Fuel Reporting Program, as required by President Biden’s Inflation Discount Act”.
“The ultimate revisions will guarantee larger transparency and accountability for methane air pollution from oil and pure gasoline amenities by enhancing the accuracy of annual emissions reporting from these operations,” it added.
The EPA famous within the assertion that its newest motion enhances the Biden-Harris administration’s “entire of presidency initiative to slash methane emissions from each sector of the financial system below the U.S. Methane Emissions Discount Plan”.
“In 2023 alone, the administration took almost 100 actions, with coordination by the White Home Methane Process Pressure, to bolster methane detection and cut back methane air pollution from oil and gasoline operations, landfills, deserted mines, agriculture, business, and buildings,” the EPA stated within the assertion.
“The ultimate rule updating the Greenhouse Fuel Reporting Program is a key element of the Inflation Discount Act’s Methane Emissions Discount Program, as designed by Congress to assist states, business, and communities implement just lately finalized Clear Air Act methane requirements and slash methane emissions from the oil and gasoline sector,” it added.
“The Biden-Harris administration can be mobilizing over $1 billion in monetary and technical help to speed up the transition to no- and low- emitting oil and gasoline applied sciences, as a part of broad efforts to chop wasteful methane emissions,” it continued.
Within the EPA assertion, EPA Administrator Michael S. Regan stated, “as we implement the historic local weather packages below President Biden’s Inflation Discount Act, EPA is making use of the most recent instruments, leading edge expertise, and experience to trace and measure methane emissions from the oil and gasoline business”.
“Collectively, a mixture of robust requirements, good monitoring and reporting, and historic investments to chop methane air pollution will make sure the U.S. leads within the world transition to a clear power financial system,” he added.
To contact the creator, electronic mail andreas.exarheas@rigzone.com
