The Environmental Protection Agency’s (EPA) decision to revoke its endangerment finding is creating uncertainty in its wake – from court challenges to investment decisions that may need to weigh removal of federal restrictions against state and local requirements. It also may leave industries to contend with a constellation of discordant policies across the country.
“The oil and gas industry has already publicly and privately lobbied EPA not to revoke its existing methane rules,” Bracewell’s Jeff Holmstead told Engineering News-Record.
“To be sure, the industry has asked EPA to revise a few requirements to make them more reasonable, but it prefers federal rules to state-by-state requirements, which many states would impose if EPA’s methane regulations were revoked,” Holmstead said.
