The Oil Conservation Division (OCD) and its parent agency, the Energy, Minerals and Natural Resources Department (EMNRD) began work on stricter regulations on gas emissions from extraction facilities last year as mandated by Gov. Michelle Lujan Grisham through an executive order. Grisham established the State’s Climate Change Task Force, made up of EMNRD and the New Mexico Environment Department to find ways state operations and laws could be used or developed to reduce pollution in New Mexico and its impact on climate change. Reported last month, New Mexico Oil and Gas Association (NMOGA) reported that in 2018, oil and gas provided 134,000 instate jobs and $16.6 billion to the state’s economy.
The U.S. Environmental Protection Agency (EPA) Administrator, Andrew Wheeler recently said that he anticipates the new Corporate Average Fuel Economy (CAFE) Standards rule to be finalized within the next month or two. The primary questions to answer at this point are, what does the rule seek to accomplish and how does this affect heavy-duty trucks?
Recent drone attacks have wreaked havoc on the Saudi Aramco oil facilities along with imposed sanctions on Venezuela and Iran. These events should all be pointing one direction for the crude prices…..up. Instead of the anticipated price increase, the recent fear of recession has helped keep the market in check.
Earlier this week, California senator Nancy Skinner proposed a daring bill that targets air quality and limiting greenhouse gas emissions. The bill would oblige the California Air Resources Board to, “require a 40 percent reduction in diesel emissions by 2030 and an 80 percent reduction by 2050.” This is not the state’s first proposed bill to cut emissions, but certainly has garnered attention due to the huge impact this would have on the transportation industry in California.
Governor Wolf is attempting to “clean up” Pennsylvania’s emissions. His new Executive Order will require 25% of government vehicles to be replaced by electric vehicle by 2025. The big push for this change is mostly financially motivated, as it is projected to gain the state just under 3 billion dollars in subsidies due to a reduction in vehicular and greenhouse gas emissions. Major cities such as Pittsburgh and Philadelphia are doing their best to stay ahead of the curve. Other benefits include lower greenhouse gas emissions and a speculation that respiratory disease might be reduced.