Texas gas companies face uncertain future under new EPA emissions rules

Washington Bureau | Source: Houston Chronicle | Posted 04/25/2024

WASHINGTON — Texas natural gas producers face an uncertain future under new regulations to be announced by the Biden administration Thursday that would force power companies to rein in greenhouse gas emissions.

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The Biden administration is set to announce new regulations that will require power companies to cut greenhouse gas emissions, affecting Texas' natural gas industry. The Environmental Protection Agency's rules mandate coal and new natural gas plants to control 90% of their emissions through carbon capture technology, while existing natural gas plants will be governed separately.

While the regulations aim to reduce emissions and ensure reliable electricity, the cost of installing carbon capture equipment may lead power companies to explore cheaper alternatives like wind and solar energy, potentially impacting the natural gas sector. The new rules have been met with mixed reactions, with concerns raised about increased costs and the potential impact on power prices and jobs, underscoring the challenges facing the industry as it navigates towards cleaner energy solutions.

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Source Link: https://www.houstonchronicle.com/business/energy/article/texas-epa-clean-power-gas-rules-19420346.php

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Texas gas companies face uncertain future under new EPA emissions rules

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