[Ed. – Bend over — here it comes again. I assume you don’t need to be told that the “savings” estimate is utterly bogus — it always is, as reality invariably demonstrates — and the cost of this move will come out of your pocket.]
The Obama administration on Tuesday proposed the first federal regulations requiring the nation’s oil and gas industry to cut emissions of methane as part of an expanding and increasingly aggressive effort to combat climate change.
In a conference call with reporters, Janet McCabe, the Environmental Protection Agency’s acting assistant administrator for the Office of Air and Radiation, said the rules were designed to ensure that oil and gas companies reduced waste and sold more gas that would otherwise be lost, while protecting the climate and the health of the public.
Ms. McCabe estimated that the proposals — which would require drillers to stop leaks and capture lost gas even in wells intended to extract only oil — would cost the industry up to $420 million to carry out by 2025, but that there would be savings, including reduced waste, of as much as $550 million during that period, bringing a net benefit of as much as $150 million. …
Representative Lamar Smith, a Republican from Texas who is the chairman of the House Science, Space and Technology Committee, released a statement on Tuesday saying the proposals are part of the administration’s “war on American energy jobs.”
“The E.P.A.’s own data shows that methane emissions in the United States decreased by almost 15 percent between 1990 and 2013, yet E.P.A. is forging ahead,” he wrote.