Investors Fighting Proposed Methane Rollbacks
On December 5, a group of 61 investors representing $1.9 trillion in assets under management announced the launch of a campaign urging 30 companies to publicly declare their support for continued EPA regulation of methane emissions and to oppose the elimination of direct regulation of methane emissions.
Methane is a powerful climate forcer up to 86 times more powerful than carbon dioxide in the short-term. In the face of ever more dire reports on the economic and public health tolls of global warming, we view these regulations as critical bulwarks to stave off catastrophic climate change. Given the EPA’s wavering, we need the support of industry to keep these regulations in place.
Strong and fair methane regulations, which require companies to conduct regular inspections for leaks, and report on their methane management efforts, create a more stable environment by leveling the playing field among U.S. oil & gas companies.