Biden Administration Regulates Methane Emissions

The Biden administration unveiled final rules at COP28 to regulate methane emissions from the U.S. oil and gas industry, aiming for a 30% reduction by 2030. The rules include banning routine flaring, monitoring for leaks, and detecting large methane releases, with estimated climate and health benefits of up to $7.6 billion a year through 2038. The American Petroleum Institute is reviewing the rule, emphasizing the need to balance emissions reductions with rising energy demand.