New Mandatory GHG Reporting for the Oil and Gas Industry

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Courtesy of All4 Inc.

On January 14, 2015, the Obama Administration announced an update to its March 2014 “Strategy to Reduce Methane Emissions from the Oil and Gas Sector” (Strategy).  Within this announcement it was revealed that the Administration would be taking a host of future actions in order to achieve their methane reduction goals, including the following:

Proposing and setting standards for methane and ozone-forming emissions from new and modified sources.

Implementing new guidelines to reduce volatile organic compounds (VOC).

Considering enhancement of leak detection and emissions reporting.

Leading by example on public lands.

Reducing methane emissions while improving pipeline safety.

Driving technology to reduce natural gas losses and improving emissions quantification.

Modernizing natural gas transmission and distribution infrastructure.

Releasing a Quadrennial Energy Review (QER). 

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