- The U.S. Interior Department proposes replacing Obama-era regulations aimed at restricting harmful methane emissions from oil and gas production on federal lands.
- A rule being published this week in the Federal Register will replace the 2016 rule with requirements similar to those in force before the Obama administration changed the regulation.
- The department previously had said it was delaying the rule until January 2019, arguing that it was overly burdensome to industry.
- “In order to achieve energy dominance through responsible energy production, we need smart regulations, not punitive regulations,” says Joe Balash, assistant secretary for land and minerals management. “We believe this proposed rule strikes that balance and will allow job growth in rural America."
- ETFs: XLE, VDE, XOP, ERX, OIH, GASL, FCG, XES, ERY, DIG, BGR, GUSH, FENY, IYE, DUG, DRIP, IEO, FIF, GASX, IEZ, NDP, PXE, RYE, PXJ, CRAK, FXN, DDG, NANR, FTXN, JHME, ERYY, ERGF
- Now read: Best And Worst Q1 2018: Energy ETFs And Mutual Funds
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