This summer, the U.S. Environmental Protection Agency (EPA) plans to propose rules addressing methane emissions from the oil and gas sector. This action is anticipated to be the first direct regulation of methane emissions as a greenhouse gas, which, in addition to being the primary component of natural gas, has an EPA global warming potential much more significant than that of carbon dioxide. To meet the Obama Administration’s goal to cut oil and gas sector methane emissions by 40 to 45 percent by 2025 from 2012 levels, EPA is targeting new and modified oil and gas production sources, as well as natural gas processing and transmission sources.
EPA’s announcement of its forthcoming action has fueled considerable debate as domestic oil and gas production has reached historic levels in a volatile price market. Are existing federal regulations of volatile organic compounds from oil and gas wells sufficient to reduce methane emissions? What are states doing in this space and are state regulations and voluntary reductions enough? Will existing methane emission sources be regulated next? What other federal agencies are considering methane regulation? These, and other important questions, were discussed in this day-long program featuring leading experts addressing the most important aspects of this rulemaking.
Agenda
9:30 am | Registration opens |
9:55 am | Welcome |
10:00 am | Setting the Scene: Methane Regulation for Oil and Gas Sector–Statutory Framework and EPA Process
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10:30 am |
New Source Performance Standards for Methane from Oil and Gas Sector under Section 111(b) of the Clean Air Act and Potential Implications for Existing Sources
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11:45 am |
Luncheon Speaker: Implications of U.S. Methane Strategy in International Context
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12:15 pm |
Break |
12:30 pm |
Voluntary Initiatives: What Are They and Does More Need to be Done?
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1:30 pm |
State Regulations and the Potential Issuance of Control Technique Guidelines Under Section 183 of the Clean Air Act: What is the Right Approach?
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2:30 pm | Break |
2:45 pm |
Beyond the EPA: Pipelines, Flaring and Leaks
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3:30 pm |
Key Issues for Industry in Managing Methane
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4:45 pm | Wrap-up |
5:00 pm | Please join us for a reception hosted by Baker & McKenzie |
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