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More Time, Fewer Fines for Oil Companies That Fix Emissions Leaks (1)

May 4, 2018, 5:39 PMUpdated: May 4, 2018, 9:39 PM

Oil and gas companies that acquire multiple new drilling sites would have more time to identify and fix leaking storage tanks under the EPA’s first attempt to update its self-auditing policy in a decade.

The Environmental Protection Agency’s policy changes target the widespread problem of storage tanks located at drilling sites that are leaking volatile organic compounds because of poor vapor controls, Patrick Traylor, deputy assistant EPA administrator for enforcement and compliance assurance, told Bloomberg Environment. The agency is expected to release draft policy updates May 4.

The self-auditing policy isn’t designed to replace formal enforcement actions, ...

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