President Donald Trump announces the reduction that will save energy producers and consumers $45 billion, while unlocking 210 million barrels of oil, during a midterm rally Tuesday in Lubbock, Texas. President Donald Trump said Tuesday that his administration is ending a Biden-era rule aimed at reducing methane emissions from oil and gas extraction. The president announced the measure during a campaign rally in Lubbock, Texas, in support of Republican U.S. Senate candidate Ken Paxton, saying it would save energy consumers and producers $45 billion and unlock 210 million barrels of oil. “Tonight, I will officially end Biden’s costly and unnecessary methane regulations to save energy consumers and producers $45 billion in costs, unlock vast amounts of Texas natural gas, and produce 210 million barrels of oil,” Trump said. TRUMP ADMINISTRATION COMMITS UP TO $42 MILLION TO REACTIVATE STALLED NORTHEAST NATURAL GAS PIPELINE President Donald Trump said Tuesday that his administration is ending a Biden-era rule aimed at reducing methane emissions from oil and gas drilling. (Kent Nishimura/AFP via Getty Images) He added: “We’ve been working on this for a long time.” The rollback comes as Trump pushes to increase domestic energy production amid high fuel prices and the U.S. war with Iran. US OIL COMPANY HOLDS KEY TO TRUMP’S GREENLAND DRILLING AMBITIONS The president announced the move during a campaign rally in Lubbock, Texas, saying it would save energy consumers and producers $45 billion and unlock $210 million. barrels of oil. (Chip Somodevilla/Getty Images) Methane is the main component of natural gas and a major source of greenhouse gas emissions. Oil and gas operations are the largest industrial source of methane emissions, according to The Associated Press. Environmental Protection Agency Administrator Lee Zeldin said last month that the agency would end its “Super Emitters Program,” which requires companies to find and fix major methane leaks. The EPA would also relax rules for smaller oil and gas wells, the outlet reported. TRUMP ADMINISTRATIVE INVOKES DEFENSE PRODUCTION ACT FOR NEW ALASKA POWER GRID PROJECT PROMOTED BY VANCE The rollback comes as Trump pushes to increase domestic energy production amid high fuel prices and the US war with Iran. (Sean Gallup/Getty Images) “Trump’s EPA is committed to fixing this so the U.S. can reach its full energy potential,” Zeldin said at the time. Environmental groups have criticized the reduction, arguing it would increase pollution.
