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Interior Department delays Obama rule on methane emissions

Published 12/08/2017, 07:58 AM
© Reuters.  Interior Department delays Obama rule on methane emissions
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  • The U.S. Interior Department is delaying until January 2019 an Obama-era regulation aimed at restricting harmful methane emissions from oil and gas production on federal lands, saying the rule is overly burdensome to industry.
  • The rule forces energy companies to capture methane that’s flared at drilling sites because it pollutes the environment; an estimated $330M/year in methane is wasted through leaks or intentional releases on federal lands,
  • A federal judge threw out an earlier bid to delay the rule, which was imposed last year, and it is not clear whether the court ruling affects the latest action by the Trump administration.
  • ETFs: XLE, VDE, ERX, XOP, OIH, GASL, FCG, ERY, DIG, BGR, XES, FENY, DUG, IYE, GUSH, IEO, DRIP, FIF, IEZ, GASX, PXE, NDP, RYE, PXJ, FXN, CRAK, DDG, NANR, JHME, ERYY, FTXN, ERGF
  • Now read: Valuation Dashboard: Energy And Materials - Update


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