New Mexico Proposes Crackdown On Oil And Gas Industry Methane Emissions

“New Mexico this week proposed rules that would require its oil and gas industry to capture at least 98% of its emissions of the powerful greenhouse gas methane by 2026, a standard it said would be among the strongest in the nation.

The proposal, announced by state officials on Monday after consultations with industry, would impact drillers in New Mexico’s portion of the Permian Basin oil hub where production has surged in recent years.

“The draft rules lay out an achievable but ambitious timeline and leaves room for innovation in the oil and gas industry, incorporating key feedback received throughout the process,” said New Mexico Oil Conservation Division Director Adrienne Sandoval.”

Valerie Volcovici reports for Reuters July 21, 2020.