By Bobby Magill
The White House said Wednesday it wants to slash methane emissions from the crude oil and natural gas industry in the U.S. by up to 45 percent below 2012 levels as part of the Obama administration’s Climate Action Plan.
Hydraulic fracturing, or fracking, has enabled the U.S. to be the world’s leading crude oil and natural gas producer, and the EPA expects that methane emissions from the oil and gas industry could rise more than 25 percent by 2025.
To prevent that from happening, the EPA will be proposing rules later this year that aim to slash oil and gas methane emissions 40 to 45 percent compared to 2012 emissions by 2025. The proposed rule, which is expected to be unveiled this summer and finalized in 2016, will regulate emissions exclusively from new crude oil and natural gas wells.
Methane is up to 35 times as potent at trapping heat as carbon dioxide over a period of about a century, and the oil and gas sector is a major source of those emissions in the U.S. (Carbon dioxide is much more prevalent in the atmosphere and is still the major greenhouse gas.) About 10 percent of U.S. greenhouse gas emissions in 2012 was methane, about 30 percent of which came from the oil and gas industry, according to U.S. Environmental Protection Agency estimates. (Much of the rest comes from livestock, particularly cattle.)