WORLD LEADERS GATHERED TODAY AT A SUMMIT TO DISCUSS CLIMATE CHANGE AND HOW COUNTRIES CAN WORK TOGETHER TO MAKE A LASTING IMPACT.
THE UNITED STATES TODAY…VOWING TO TAKE SIGNIFICANT MEASURES…FROM CLEAN ENERGY TECHNOLOGY INVESTMENTS TO FINANCIALLY BACKING OTHER COUNTRIES’ GREEN ENERGY AGENDA.
BUT THE TAKEAWAY OVERSHADOWING THE REST —
IS A 20 BILLION DOLLAR PLAN TO REDUCE METHANE EMISSIONS BY 30 PERCENT IN SEVEN YEARS.
IT WOULD TIGHTEN REGULATIONS ON THE OIL AND GAS SECTOR…
AFFECTING HUNDREDS OF THOUSANDS OF OIL WELLS, STORAGE TANKS, AND NATURAL GAS PROCESSING PLANTS.
METHANE IS THE MAIN COMPONENT OF NATURAL GAS AND AS IT RISES INTO THE ATMOSPHERE, IT SITS AND INSULATES THE PLANET.
SOME CLIMATE EXPERTS SAY 25 PERCENT OF TODAY’S GLOBAL WARMING IS CAUSED BY METHANE.
PRESIDENT BIDEN’S REMARKS TODAY BRINGS IN A WHOLE OTHER MEANING TO THE OUTCOME OF THE MIDTERMS.
IF DEMOCRATS MAINTAIN CONGRESS CONTROL…THERE WILL BE MORE FEDERAL SPENDING WHILE THE OIL AND GAS SECTOR WILL FEEL A SQUEEZE AND SHIFT.
IF REPUBLICANS TAKE THE MAJORITY…THEY LIKELY WILL REFUTE BIDEN’S CLIMATE-PRIORITY AGENDA ALONG WITH DECLINING ITS FEDERAL SPENDING FOR BIDEN’S DOMESTIC AND INTERNATIONAL INITIATIVES.
Tags: Climate Change, Egypt, Environmental Protection Agency, Inflation Reduction Act, Joe Biden, Methane emissions