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An array of oil pumps operate outside of Tarzan on Sept. 15, 2023. Oil and gas companies released less methane during the extraction phases, according to a new report. But critics of the industry are skeptical. Credit: Eli Hartman/The Texas Tribune
From the article:
Virginia Palacios, executive director of Commission Shift, an oil and gas watchdog group in Texas, said regulatory agencies should be more active in emission reductions. She said that putting rules that push for monitoring, like satellite and aerial technology, could reduce waste.
Oil and gas companies, Palacios said, shouldn’t wait for the market to decide to reduce methane emissions.
“There is still a role for oversight agencies to play in preventing waste and reducing climate-warming emissions when operators lack a financial signal to do so,” Palacios said. “Regardless of cost-effectiveness, the public is harmed when scarce natural resources are wasted or when methane warms the climate.”
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