Oil & Gas Sector Cites Global Markets As Reason To Retain GHG Reporting

The American Petroleum Institute (API) is highlighting global energy markets as a reason to maintain some level of EPA’s greenhouse gas reporting requirements, a pitch that supplements separate industry concerns that scuttling the program could compromise the ability to claim federal tax credits for carbon storage and clean hydrogen production. “Maintaining credible reporting is essential to sustaining U.S. competitiveness and ensuring that U.S. [liquefied natural gas (LNG)] -- already among the lowest-emissions options available -- remains a cornerstone of global...