Trump admin rolls back Obama-era regulations on methane

Trump admin rolls back Obama-era regulations on methane


SO ARE ENERGY STOCKS RIGHT NOW. THE TRUMP ADMINISTRATION IS SET TO PULL BACK A LOT OF RULES ON METHANE EMISSIONS, THAT SCORED UNPREDECESSOR OF BARACK OBAMA. BLAKE BURMAN WITH THE LATEST. WHY OIL PRICES ARE DOING SO WELL, RELATED STOCKS ARE DOING WELL. WHAT IS GOING ON, BLAKE? REPORTER: THIS IS PROPOSED RULE UNVEILED BY THE ENVIRONMENTAL PROTECTION AGENCY A LITTLE WHILE AGO, THAT INTENDS TO ROLL BACK SOME OF THE REGULATION ON METHANE PUT IN ON THE OBAMA ADMINISTRATION IN 2012 AND 2016. EPA WILL REGULATE STORAGE AND TRANSMISSION OF METHANE. THIS IS RESPONSE TO EXECUTIVE ORDER PRESIDENT TRUMP SIGNED, LOOKING AT UNNECESSARY REGULATIONS, OR AT LEAST WHAT THE ADMINISTRATION VIEWS AS UNNECESSARY REGULATIONS. THE EPA SAYS THIS WILL HELP OIL AND NATURAL GAS INDUSTRY SAVE 17, $19 MILLION A YEAR. AROUND 97, TO $123 MILLION THROUGH 2025. ANDREW WHEELER SAYING IN A STATEMENT, QUOTE, EPA PROPOSAL DELIVERS ON PRESIDENT TRUMP’S EXECUTIVE ORDER, REMOVES, UNNECESSARY, DUPLICATIVE REGULATORY BURDENS FROM THE OIL AND GAS INDUSTRY. SOME BIG CAST COMPANIES SAID THEY DON’T WANT THESE REGS TO BE ROLLED BACK AT ALL. THAT IS POINTED OUT BY GREENPEACE SAYS IN A STATEMENT, QUOTE, ROLLING BACK THESE REGULATIONS WILL HAVE CATASTROPHIC CONSEQUENCES FOR GENERATIONS. EVEN SOME OF THE CARBON MAJORS KNOW IT, MANY OF THEM ASKED THE TRUMP ADMINISTRATION NOT TO UNDO THESE REGULATIONS. NEIL METHANE IS EMITTED DURING THE PRODUCTION OF OIL AND

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