This story was originally published by Grist and is reproduced here as part of the Climate Desk collaboration. The Inflation Reduction Act, the 2021 US climate law abbreviated IRA, primarily reduces emissions through financial incentives, rather than binding rules. But in addition to all its well-known carrots, lawmakers quietly included a smaller number of sticks—particularly when it comes to the potent greenhouse gas methane, which has proven to be a pesky source of increasing climate pollution with each passing year.
Methane-spewing Gas And Oil Drillers Owe The Us Billions—in Theory
Naveena Sadasivam, Mother Jones
Thu, 02/22/2024 - 4:00am
Topics: desk collaboration the inflation reduction act an ira environmental protection agency march shell american petroleum institute diversified energy company exxons chevrons september snowcap research the epa s john sutter part based it s lamair permian basin us earthworks there s european space agency texas bakken north dakota we re mark kriss intergovernmental panel climate change sutter bloomberg they re the in a in ira environmental defense fund geofinancial chevron the diversified diversified chris kinnersley diversified s to epa epa s grist as gas oil drillers owe methane emissions companies emission rule fee data satellite report large devices year wells factors factor operators releases fields analysis developed expected required production largest percent true difficult technology measures exempt potential count updated threshold rules liable requires million decades groups fees actual accurate number country short smaller greenhouse estimates fully defensible calculated released leaks metric proposed operations measurements monitor pneumatic ways gap tons nonprofit responsible provision spokesperson outdated revolution assets numbers empirical model results study liabilities specific square kilometer valuable months field method provider flights penalize relied fail close equivalent volumes major firm equipment means public largely liability potentially reasons fair verify aerial confidence result
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