Rebuking a major pillar of President Obama’s legacy, the Environmental Protection Agency (EPA), along with Trump’s administration, recently released a new proposal concerning the rollback of an Obama-era climate rule. The proposal is meant to ease the requirements for oil and gas companies and their limits in the amount of methane that can be released into the atmosphere from their facilities, making it easier for them to comply with the rules.
As per CNN, this Obama-era policy was formerly a part of a set of rules made to intensify from 2017 up to 2026, and was originally set back in 2012. Come 2018, however, and the EPA is now proposing that any planned future strengthening should be frozen, along with the planned 2020 level standards.
According to the proposal, which can be found on EPA’s website, companies would be required to perform leak inspections at least once a year, as well every two years for low-producing oils and gas wells. Furthermore, oil and gas drillers will now be required to fix methane leaks within 60 days, as opposed to the current 30-day rule.
Other proposed changes include allowing gas energy companies to follow state-level methane standards should they choose to operate on a state with different standards. Furthermore, the proposal also doubles the time between inspections of equipment.
Not everyone agrees with the recent move, however.
According to Environmental Defense Fund Associate Vice President Matt Watson, “Once again, the Trump administration is putting the interests of the worst operated oil and gas companies ahead of the health and welfare of everyday Americans.”
Furthermore, in a recent meeting held in San Francisco, California Gov. Jerry Brown commented that Trump’s proposal is “insane” and “borders on criminality.”
“It perhaps is the most obvious and dangerous and irresponsible action by Mr. Trump – and that’s saying quite a lot,” Brown continued.
According to CNN, Sen. Tom Udall of New Mexico also called the latest proposal as both “wasteful” and “outrageous.”
“Rather than leaving these common-sense safeguards in place, which have been working for a year, the Trump EPA is prioritizing its big polluter friends at the expense of the health and well-being of New Mexicans and people across the country,” continued Udall.
Starting back on Tuesday, the new action effectively opens a 60-day period that will be open for public comments. Any final decision that Trump makes will be made after the given time frame.
How to invest in learning for your employees
One way that you can indirectly invest in your business is by beefing up employee learning. Here are four ways...
Automation is happening—at a glacial pace
Everyone is talking about automation taking over jobs, but only a few people are talking about the fact that it's...
Renewable energy: A multi-trillion-dollar marketplace is emerging
The U.S. energy grid is ageing and it’s the perfect opportunity for energy contractors to up their game and help...
The current state of crypto gambling
Crypto gambling is rising in popularity but there are many things you need to know before you decide to dip...
This Wall Street outcast is giving everyone access to insider deals
Pre-IPO opportunities are no longer reserved for just the wealthiest one percent—thanks to a new equity investment platform.
- Featured5 days ago
How the credit market is evolving with technology
- Featured4 days ago
Public restaurant companies: A review of Yum! Brands (YUM), Brinker International (EAT), West Coast Ventures Group (WCVC)
- Business5 days ago
How to avoid forgetting something during a trip
- Entrepreneurship5 days ago
4 questions to ask before investing in a mobile app