EPA Issues Onerous New GHG Reporting Rule, Worse than Thought

On May 14, 2024, the U.S. Environmental Protection Agency (EPA) published the final Greenhouse Gas Reporting Rule requirements for petroleum and natural gas systems under 40 C.F.R. Part 98, Subpart W in the Federal Register (full copy of the 266-page rule included below). The changes to this rule resulted from passing the misnamed Inflation Reduction Act of 2022 (IRA) which required EPA to develop standards to collect payment on methane from facilities that exceed specific thresholds. (Incidentally, the IRA passed due to a single vote: Joe Manchin.) The final rule applies to a wide range (more than originally thought) of oil and gas facilities operated by the petroleum production, gas transmission, and utility industries. The new rule will impose *significant* budget-busting administrative and recordkeeping costs on those industries, as well as requiring them to pay fees for reported methane emissions. It is a flat-out attack on natural gas and oil.

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