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.
Last week in Dow Jones: what’s new in the industrial stocks?
Since September 2018 gold has seen a nice advance. The step sum chart for the Dow Jones is bullish. It...
Wyoming tribe seeks windfall from cannabis legalization
The General Council of Wyoming’s Eastern Shoshone tribe is hoping the Wind River Reservation will benefit from medical cannabis and...
How mobile money is disrupting banking in Argentina
Migrant workers all across the world send billions of dollars back home to their families every year and Argentina is...
Google Stadia’s first game-dev studio opens in Montreal
Google is launching its cloud-gaming service Stadia. Stadia Games & Entertainment head of the company Jade Raymond announced the Montreal...
Sartorius acquires a majority stake in cell culture media specialist Biological Industries
The Sartorius Group, a leading international partner of life science research and the biopharmaceutical industry, signed an agreement to acquire...
- Cannabis6 days ago
Residents of Hamburg are in favor of cannabis legalization
- Featured6 days ago
Chinese and other Asian companies are dominating the Fintech sector
- Featured6 days ago
Weekly agricultural stock market update: what’s new with wheat, soy, corn, canola and more
- Business6 days ago
3 Capital Sources for Aspiring Acquisition Entrepreneurs