EPA moves raise questions about future of methane reduction market

Travis Bubenik Dec 26, 2018
HTML EMBED:
COPY
Spencer Platt/Getty Images

EPA moves raise questions about future of methane reduction market

Travis Bubenik Dec 26, 2018
Spencer Platt/Getty Images
HTML EMBED:
COPY

Texas is of course a big oil state, but it’s also home to a growing industry focused on reducing emissions of oil field methane, a climate change causing gas. But the Trump administration is loosening the rules on methane, which could leave these methane-reduction companies with a smaller market for their products and services.

The companies have grown to more than 130 nationwide since about 2010, according to a count from the advocacy group Environmental Defense Fund, driven by tightening rules on methane and by economic incentives. Industry groups say it’s good business to cut methane, but they argue regulations stifle innovation and take away the flexibility oil and gas producers need to tackle the problem.

Click the above audio player to hear the full story.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.