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In May, the Environmental Protection Agency (EPA) released regulations designed to curb methane (CH4) emissions from new, modified and reconstructed oil and natural gas sources. As part of the Obama administration’s effort to combat climate change, the rule attempts to reduce methane emissions by as much as 45% from 2012 levels by 2025. According to the EPA, methane is the second most prevalent greenhouse gas emitted by humans on a pound for pound basis. Although the atmospheric lifetime of CH4 is much shorter than carbon dioxide (CO2), methane is at least 25 times more potent at trapping heat in the… [more]View Insight
In November, 2013, EPA announced a highly contentious proposal that lowered the 2014 Renewable Fuel Standard targets below their 2013 levels. These targets apply to the amount of renewable fuels that are blended into the nation’s gasoline supply. A year later, EPA abandoned the proposal after significant push back from the renewable fuel industry, agreeing to reconsider the 2014 targets. EPA has yet to reissue the proposal. The American Petroleum Institute (API) and the American Fuel and Petrochemical Manufacturers (AFPM) filed a lawsuit over the delay, contending that they are left guessing how much ethanol they were required to use last… [more]View Insight