The White House announced Wednesday morning a new plan to cut methane emissions in the oil and gas sector by 40 to 45% in the next ten years.
The reductions will come in part from fixing leaky equipment and the intentional “flaring” of gas at oil and gas production sites, said Dan Utech, the president’s special assistant for energy and climate change, in a conference call with reporters.
By stopping such waste, the White House said it will save enough natural gas in 2025 to heat more than 2 million homes for a year. The reductions will also be good for industry and the economy, Utech added, since businesses will be able to sell that saved gas on the market.
The U.S. oil and gas industry has grown enormously in recent years, making the U.S. the world’s largest gas producer. U.S. oil production is at the highest level in nearly…
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