Trump says he is terminating Biden-era methane rules, with the EPA projecting $45B in savings and 210M barrels of oil unlocked, about 10 days of US consumption. That is a direct cost cut for marginal

What happened: Trump said his administration is "terminating" Biden-era methane emissions rules for oil and gas companies, announced at a rally in Lubbock, Texas. Key numbers: Trump said the change would save consumers and producers $45bn and unlock 210 million barrels of oil, about 10 days of US petroleum Why it matters: The 2024 rule was the first nationwide requirement to limit methane from existing oil and gas facilities. Fieldnotes researcher Julia Kane said the EPA is giving industry what it wants, while EDF's Rosalie Winn said the administration is enabling the worst polluters.

Trump said his administration is "terminating" Biden-era methane emissions rules for oil and gas companies, announced at a rally in Lubbock, Texas.

The 2024 rule was the first nationwide requirement to limit methane from existing oil and gas facilities. Fieldnotes researcher Julia Kane said the EPA is giving industry what it wants, while EDF's Rosalie Winn said the administration is enabling the worst polluters.