"Biden Administration Implements Stricter Regulations to Curb Methane Emissions from Oil and Gas Operations"

The Biden administration has finalized a rule requiring oil and gas companies to reduce methane emissions from their drilling operations on federal and tribal lands, as part of efforts to combat climate change. The rule aims to prevent accidental and negligent leaks of methane, as well as discourage venting and flaring practices. By setting limits on venting and flaring without paying royalties, the rule is expected to generate additional payments to the federal government and conserve billions of cubic feet of gas. While environmentalists and some industry groups support the rule, others have raised concerns about regulatory duplication and potential hindrance to energy production.