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As a major contributor to the world's energy needs, the oil and gas industry plays a crucial role in ensuring that this goal is realized. Despite crude oil's increasing importance to the global economy's ever-increasing demand, hydrocarbons are widely acknowledged as a major source of pollutants in terrestrial, atmospheric and ocean ecosystems.
The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.
In a press conference on Feb. 13, the American Petroleum Institute outlined several concerns with the EPA's proposed rule that, if enacted without modification, could create barriers to the development of oil and gas resources and damage U.S. energy companies.
The EPA released a pre publication version of its supplemental proposal for Standards of Performance for New, Reconstructed, and Modified Sources and Emissions Guidelines for Existing Sources Oil and Natural Gas Sector Climate Review. The proposal includes major changes.