The Biden administration released a rule aimed at reducing methane emissions from American oil and gas sources on the same day the U.S. and European Union announced at the COP26 climate summit in Scotland that 90 countries have joined the Global Methane Pledge, which aims for a 30% methane emissions cut by 2030.
The proposed rule, announced Nov. 2 by the U.S. Environmental Protection Agency, seeks to regulate both new and existing sources of methane emissions from the oil and natural gas sector. It aims to decrease methane emissions by 41 million tons between 2023 and 2035, equivalent to 920 million metric tons of carbon dioxide.