HOUSTON — The EPA’s methane rule has elements that are “unworkable,” the head of oil giant ConocoPhillips said Tuesday.
The EPA rule is meant to crack down on leaks of methane, a potent greenhouse gas that is also one of the main products of the oil industry.
ConocoPhillips Chief Executive Officer Ryan Lance said EPA’s attempt to charge companies for the methane that leaks from their oil wells, pipelines, storage tanks and other infrastructure would run into problems with how to accurately measure the emissions.
“There’s two or three things associated with the new rules of the EPA that are just unworkable,” Lance said to an audience of energy executives at the CERAWeek conference in Houston, specifically citing what he called problems with how to measure methane emissions.
