WASHINGTON (AP) — President Joe Biden on Tuesday ordered 50 million barrels of oil released from the nation’s strategic reserve to help bring down energy costs, in coordination with other major energy consuming nations, including China, India and.
The American Exploration & Production Council said new regulations curbing methane could raise compliance costs. It also took aim at a proposed methane tax.
The Biden administration presented sweeping regulations targeting the oil and gas industry Tuesday in an effort to cut back on the emission of methane, a greenhouse gas more harmful than carbon dioxide in the short term.