Biden Administration Proposes New Rules To Curb Gas Flaring ...Middle East

OILPRICE - Economy
Biden Administration Proposes New Rules To Curb Gas Flaring
source : OILPRICE ( Middle East ) () 17
The Biden administration has proposed a set of new rules aimed at curbing gas flaring on public lands, with the Bureau of Land Management saying these measures would result in $39.8 million in additional royalties for the United States. Per the proposal, every company applying for an oil and gas drilling permit must submit with it a plan for the minimization of gas flaring. If the BLM deems the plan adequate, it will grant the permit. If not, it can withhold approval. “The Biden-Harris administration has taken unprecedented action to tackle…

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