RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Destructive Obama targets oil and gas industry, demands massive reduction in methane emissions Thu Jan 15, 2015 4:41 pm | |
| Once again placing himself firmly on the side of environmentalists and opposite the oil and gas industry, President Obama on Wednesday rolled out long-awaited regulations to dramatically cut methane emissions over the next decade.
The move, just days before the State of the Union address, gives a clear indication that Mr. Obama wants to cement his legacy on climate change over the final two years of his presidency. Having already targeted power plants, cars and other sources of pollution, the administration is pushing regulations that will carry serious repercussions for the oil and gas sector, one of the greatest economic success stories of the past 10 years.
The announcement also sets up yet another potential political fight with congressional Republicans, who, along with many in the energy industry, panned the proposal as another unnecessary federal overreach that will stunt economic growth and hamper fuel production.
http://www.washingtontimes.com/news/2015/jan/14/obama-hits-oil-and-gas-industry-demands-massive-re/ |
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