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Following Senate, U.S. House reverses Trump rollbacks of methane rules

By Valerie Volcovici WASHINGTON (Reuters) - The U.S. House of Representatives on Friday voted 229-191 to nullify the Trump administration's 2020 rollback of regulations to curb...
Following Senate, U.S. House reverses Trump rollbacks of methane rules © Reuters. FILE PHOTO: A gas collection well head is shown at the Frank R. Bowerman landfill in Irvine, California where the methane collected is used to power 26,000 homes in neighboring Anaheim, California, U.S., June 15, 2021. REUTERS/Mike Blake

By Valerie Volcovici

WASHINGTON (Reuters) - The U.S. House of Representatives on Friday voted 229-191 to nullify the Trump administration's 2020 rollback of regulations to curb the emissions of greenhouse gas methane from oil and gas infrastructure, following a similar move by the Senate in April.

The House passed a resolution under the Congressional Review Act (CRA), a 1996 law that allows Congress to reverse federal rules implemented in the last days of a past administration with a simple majority, restoring Obama-era methane regulations that govern oil production and processing.

Both the House and Senate passed the resolutions with some bipartisan support.

The CRA comes after the release of a major United Nations report that called for deep cuts in methane emissions to slow the rate of global warming and keep it beneath a threshold agreed by world leaders and found that methane emissions worldwide were vastly underestimated.

“Congress just delivered its first bipartisan win for the climate," said Fred Krupp, president of the Environmental Defense Fund, who said the passage of the resolutions should send a signal to the Environmental Protection Agency that its upcoming methane regulations should be more stringent.

EPA Administrator Michael Regan said in a recent interview that new methane rules, due by September, would likely exceed the goals of Obama-era regulations and play a significant role in helping the United States achieve its near-term climate goals.

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01-05-2024 10:45:17 (UTC+7)

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EUR/USD

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USD/JPY

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AUD/USD

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USD/CAD

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Gold Futures

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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SJC Eximbank8,300/ 8,500
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