The Environmental Defense Fund has teamed up with industry experts and scholars to launch a methane-detecting satellite within two years, aiming to cut 45% of emissions from oil and gas facilities by 2025.
Exxon Mobil started its methane reduction program in its shale fields in 2016 and said it has been able to reduce emissions from its U.S. unconventional operations by 20%.
Federal fossil fuel leasing would be halted for at least a year.
Bloomberg said, drillers would likely need to rely on hydraulic fracturing to produce fuel.
Industry leaders are making responsible energy development a priority.
Occidental Petroleum Corp. plans to shift toward a carbon-neutral production model, it chief executive said on Sept. 12, but new U.S. laws are needed to support technologies designed to fight global warming.
Energy scholar Robert Bryce offers an unabashed view of the shale revolution, climate change and the future of energy. Spoiler alert: don’t expect oil and gas to disappear anytime soon.
Not all in the industry are in favor of the Trump administration’s rollback, and the expected litigation will put operators into limbo again.