Why It’s In The Interest Of Oil And Gas Companies To Curb Methane Emissions

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While the U.S. Environmental Protection Agency is all set to introduce new rules to curb methane emissions, many oil and gas companies have already initiated measures to limit methane emissions. However, if you feel that the issue does not merit much attention, think again. While legislation will make it mandatory to curb emissions, it’s the interest of oil and gas companies to take steps to plug this leakage. Read on to learn why.

Cost Effective Solution To Curb Gas Leaks

One of the reasons why it is in the interest of oil and gas companies to curb methane gas emissions is the fact that it is cost-effective. Curbing gas emissions will protect resources.

Christina Nunez said in a recent article:

“Many of the fixes that could curb leaks from the oil and gas industry, which accounts for almost 30 percent of U.S. methane emissions, are simple and cost-effective, advocates say.”

Face Ban On Fracking

New York Governor Andrew Cuomo has recently introduced new legislation banning fracking to protect the environment and health of people living in nearby communities. This ban on fracking activity will likely extend to other states as well, if oil and gas companies continue to ignore the issue of environmental pollution.

Fred Krupp said in a recent article:

“These bans demonstrate what can happen when oil and gas producers erode public trust by brushing aside legitimate questions. Increasingly, regulators and the energy industry will be called upon to show that unacceptable risks from fracking can be minimized. Minimizing those risks requires strong, sensible regulation. Industry must finally recognize that it is in its own interest to work with regulators to make that happen.”

Ban on fracking activities can impact the productivity and hence the profitability of oil and gas companies. This is a compelling reason for oil and gas companies to invest in gas detection equipment and systems to curb methane gas emissions in their oil wells and facilities.

Find out why it is in the interest of oil and gas companies to curb methane gas emissions in their exploration, drilling and production activities.