EU Lawmakers Want Energy Importers to Obey Tough Methane Rules
- Deal may impose strict penalties; faces tricky negotiations
- EU is already party to a global plan for 30% cut in emissions
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European Union lawmakers are set to back tough requirements for fossil fuel producers to rein in emissions of one of the most potent greenhouse gases — and they don’t want importers to be exempt.
Deputies from Parliament’s industry and environment committees are expected to vote next week in favor of setting a 2030 methane-reduction target before 2026, according to an agreement seen by Bloomberg. It also lays out strict criteria for oil and gas companies to monitor and repair leaks of the gas, risking a ban from the market if they fail to comply.