Here’s How Much Top US Polluters Must Cut Methane to Avoid Fees
The top 10 US emitters need to spend a combined $426 million by 2024 on technologies to reduce emissions of the potent greenhouse gas if they want to avoid fees, estimates from BloombergNEF show.
Endeavor Energy Resources must slash its US methane releases more than any other major emitter to avoid penalties that come into force next year, according to an analysis from BloombergNEF that examined how new rules impact the 10 biggest polluters of the greenhouse gas.
The report shows just how much work some of the world’s most prolific oil and gas producers must do to clean up releases of the potent greenhouse gas, which has more than 80 times the warming power of carbon dioxide during its first two decades in the atmosphere. Halting releases of methane, the primary component of natural gas, could do more to slow climate change than almost any other single measure.