On Tuesday, the U.S. Environmental Protection Agency (EPA) proposed new emission standards for oil and gas companies. The move is in accordance with President Barack Obama’s Climate Action Plan. The plan emphasizes on reduction of methane emissions from the oil and gas sector by 40-45% from the 2012 levels by 2025.
The proposal involves finding and repairing leaks in natural gas pipelines as well as capturing gas from wells completed using fracking. It also includes reduction of emissions from pumps and other equipments used in the process. This new proposal is an extension of the standards issued in 2012.