EPA deadlines for emission rules would stifle new fracking

“… would result in a loss of between $7 billion and $8.5 billion in minerals royalties to the U.S. government and stifle job creation.”

Greenwire reports:

If U.S. EPA finalizes a rule requiring industry to immediately control methane emissions from hydraulic fracturing operations, the agency could stunt the growth of the U.S. unconventional gas industry, according to a report released today by the American Petroleum Institute.

The report says EPA’s proposed new source performance standard for hydraulic fracturing could cut unconventional natural gas production by up to 11 percent and unconventional oil production by as much as 37 percent by 2015…

Click for the API report.

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