EPAProposed Rule
Reconsideration of Standards of Performance for New, Reconstructed, and Modified Sources and Emissions Guidelines for Existing Sources: Oil and Natural Gas Sector Climate Review; Correction
EnergyEnvironment
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Summary
The EPA is proposing new rules to reduce pollution and greenhouse gas emissions from oil and natural gas operations, including both new facilities and existing ones. These standards aim to address climate change and air quality issues caused by the fossil fuel industry.
Key Points
- 1The EPA is setting stricter pollution limits for new, rebuilt, and modified oil and gas facilities to reduce methane and other harmful emissions
- 2The rule also creates guidelines for existing oil and gas operations to reduce their emissions over time
- 3Oil and gas companies will need to invest in better equipment and practices to meet the new environmental standards
- 4This is a proposed rule, meaning the EPA is seeking public feedback before making it final
- 5The regulation addresses both climate change (greenhouse gases) and local air quality problems near drilling and production sites
Impact Assessment
If you are an energy company, this means you must invest in new equipment and operational changes to reduce methane and other emissions from oil and natural gas facilities, significantly increasing your compliance expenses and operational costs.
Impact Level
Major
Geographic Scope
National
Compliance Cost
Major
Who is Affected
Energy CompaniesWorkers/LaborersState GovernmentsManufacturers
Key Dates
Published
January 17, 2025
Regulatory Connections
Authorized By
Amends CFR Sections
40 CFR Part 6040 CFR Part 63
Other Documents in This Rulemaking (EPA-HQ-OAR-2024-0358)
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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