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EPA Slashes Social Cost of Methane in Bid to Delay Oil and Gas Limits

Nov. 2, 2017, 2:58 PMUpdated: Nov. 2, 2017, 10:05 PM

The EPA slashed by 90 percent its estimate of the costs methane emissions impose on society and the climate as part of its bid to justify delaying Obama-era pollution standards for oil and gas drilling operations.

Tucked in an updated cost-benefit analysis on its plans to pause the methane regulation, the Environmental Protection Agency includes a recalculated value for the social cost of methane, which estimates the cost to society per ton of methane emissions in a given year.

The new value—in a range between $55 and $180 per ton of methane in 2020—will be used in regulatory analyses ...