Independent Petroleum Association of America (IPAA) President & CEO Jeff Eshelman issued the following statement March 15 on President Donald Trump signing H.J.Res.35 which through the Congressional Review Act process disapproves of the Biden Environmental Protection Agency’s (EPA) methane tax regulations:
'In another win this week for common sense, President Trump and his Administration have taken action to nullify the regulations the Biden Administration established to implement the misguided methane tax on oil and natural gas producers. On Wednesday, EPA announced that the agency is reconsidering its Subpart OOOOb and Subpart OOOOc regulations and its Subpart W greenhouse gas reporting program rules – reconsideration provides a pathway for making these regulations more cost-effective and well-structured. IPAA appreciates President Trump moving quickly to sign this Congressional Review Act resolution and the initiative of Senator John Hoeven (R-ND) and Congressman August Pfluger (R-TX) in guiding the resolution through Congress.
'IPAA and our members remain committed to working with the EPA to find a regulatory pathway designed for the sources it regulates, while encouraging continued progress toward reducing emissions. Big new oil and natural gas wells and low producing older wells have differing emissions profiles. Our members are making constant improvements to the technology being used to reduce, measure and report on emissions.'
Source: IPAA
