As Congress discusses measures related to methane emissions in the coming weeks, CMES released the following statement from Patrick von Bargen, executive director, Center for Methane Emissions Solutions.
"Technologies to reduce methane leaks from oil and gas facilities are proven, readily available and have the potential to be a win-win-win for the industry, economy and environment.
Methane mitigation technology is a necessity for the natural gas and oil industries to help reduce the amount of methane that is leaked from the supply chain of both industries. By investing in technologies that mitigate methane emissions, natural gas and oil companies will be able to bring more product to market, positively impacting their bottom line. Moreover, as companies who develop this technology continue to grow so will the number of jobs, while at the same time increasing local, state, and federal tax and royalty revenues that help fund education, local governments and infrastructure projects. Finally, addressing the sources of these methane leaks will also greatly reduce the amount of methane leaked into the environment; a potent greenhouse gas that contributes to climate change.
The Center is committed to working with companies to bring methane mitigation technology to the natural gas and oil industries, while also working with regulators and legislators as they draft new energy policies to ensure that those policies are smart, practical, and benefit all stakeholders.”