Marcellus Shale gas producers say they welcome tighter methane limits bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
President Joe Biden s proposals to reduce methane emissions in the US have been released, revealing an ambitious combination of new regulations and voluntary initiatives.
Whatever long game the Biden administration hopes to play, the planet is telling us that we are going into the fourth quarter with no promise of overtime.
“He’s walking the tightrope,” said energy industry analyst Parker Fawcett with S&P Global Platts, noting that Keystone and ANWR came without huge political costs because they were aimed at future projects.
“Those easy wins don t necessarily have huge impacts on the market today,” Fawcett said. “He is definitely backing off taking drastic action that would rock the market. . What you’re going to see is U.S. oil production is going to continue to rebound.”
Haaland has sought to tamp down Republican concern over potential constraints on the industry. She said during a House Natural Resources Committee hearing last month that there was no plan right now for a permanent ban.”