Program to cut emissions from natural gas infrastructure from 2010 levels builds on company’s prior efforts.
More investors have been pressuring San Ramon, Calif.-based Chevron and other big oil companies to reduce emissions that contribute to climate change.
New Mexico Governor Michelle Lujan Grisham on Jan. 29 ordered state officials to develop regulations to reduce methane emissions from its oil and gas industry and separately rollback statewide greenhouse gas output over the next decade.
An alliance of natural gas companies representing 10% of U.S. production and 32% of midstream transmission lines surpassed its goal of capturing methane emissions.
Low-cost microsatellites may hold the answer for methane emissions management.
Revisions to the Obama-era plan include changes to the percentage of methane that must be captured at drilling locations and measures on well completions and leak detections.
Also this week, California’s plans for 100% carbon-free energy, U.S. dry natural gas production to reach an all-time high and updates on Hurricane Florence.
The Environmental Protection Agency said the changes will save the industry $75 million a year in regulatory costs between 2019 and 2025 while increasing methane emissions.
Safety, economic and public perception risks compel oil and gas players to push for a fix before the methane leak issue exacts a high price.