WASHINGTON – AXPC CEO Anne Bradbury released the following statement on EPA’s proposed updates to the Greenhouse Gas Emissions Reporting Program (GHGRP) for the oil and gas sector, as part of its implementation of the Inflation Reduction Act (IRA):
“Improving the accuracy of emissions inventories is important to our industry, as well as continuously driving down emissions from our operations. As we continue to collaborate with the Agency on these shared goals, we appreciate that EPA recognizes the need to push out implementation of its proposal to 2025, to allow companies needed time to make the adjustments. It also stresses the need for EPA to pause on imposing the new methane tax on American energy producers, until this rule is finalized and there is an understanding of how emissions will ultimately be calculated for the methane fee program contained in the IRA.”
BACKGROUND:
On July 6, 2023, EPA proposed updates are intended to allow for the expanded incorporation of empirical data and to improve the accuracy of data reporting in response to directives in the Inflation Reduction Act (IRA). These proposed changes are in addition to other revisions that were released earlier this year for public comment on different GHGRP subparts.
EPA in its new proposal proposes to revise subpart W (Petroleum and Natural Gas Systems), subpart C (General Stationary Fuel Combustion Sources) and subpart A (General Provisions) to address potential gaps in reporting of emissions data for specific sectors and establishes confidentiality determinations for new or substantially revised data elements.
About the American Exploration and Production Council:
AXPC is a national trade association representing leading independent oil and natural gas exploration and production companies in the United States. We lead the world in the cleanest and safest onshore production of oil and gas, while supporting millions of Americans in high-paying jobs and investing a wealth of resources in our communities. Learn more at https://www.axpc.org/
###