The Inflation Reduction Act (IRA) was signed into law by President Biden in 2022 and will have a significant impact on the oil and gas industry. This legislation contains a charge on excess methane emissions from oil and gas facilities that emit over 25,000 metric tons of carbon dioxide equivalent per year. The threshold for […]
Like all publicly traded E&Ps under today’s evolving greenhouse gas reporting policies, a Permian operator faced increasing liability with easy access to filings from attorneys, regulators, and stakeholders. ESG Challenge As part of its routine operational audit of environmental compliance, the Permian operator identified substantial risks from failing to file greenhouse gas reporting correctly.
Greenhouse Gas Reporting Accuracy Read More »
Congress rolls back OOOOa rules, operators need to detect methane leaks Federal air quality standards are changing for the oil & gas industry, which means that some operators may need to increase leak detection and environmental monitoring. A June 2021 law reverted EPA regulations from relaxed 2020 rules back to stricter 2016 requirements. And the
2021 Law Tightens Air Quality Emissions Standards for Oil and Gas Read More »
