The American Petroleum Institute will support federal regulations for oil and gas industry-generated methane, the industry body said on Thursday, according to the Washington Examiner . This is in stark contrast to its previous position against federally regulating the greenhouse gas. Methane is a part of natural gas and is sometimes vented or leaked during the course of its extraction, causing climate concerns that have been growing in recent years. The API is now reading the room carefully, and is hoping to get a seat at the negotiating table when it comes to the details about how this methane will be regulated. It has become nearly impossible for the oil and gas industry—and the API—to ignore the growing clamor from climate activists on methane leaks and venting for stricter regulations. With the change in administration, it has tipped the scales from nearly impossible to absolutely impossible. “This is a […]