EPA finalized the first-ever mandatory greenhouse gas reporting requirement in October of 2009 [See WIMS 9/22/09]. That rule required 31 industry sectors, covering 85 percent of total U.S. GHG emissions, to track and report their emissions. The regulations called for subject facilities to begin monitoring their GHG emissions on January 1, 2010, and file their first annual reports by March 31, 2011.
In addition to those 31 industries, the Agency is now proposing to collect emissions data from the oil and natural gas sector, industries that emit fluorinated gases, and from facilities that inject and store carbon dioxide (CO2) underground for the purposes of geologic sequestration or enhanced oil and gas recovery. EPA indicates that methane is the primary GHG emitted from oil and natural gas systems and is more than 20 times as potent as CO2 at warming the atmosphere, while fluorinated gases are even stronger and can stay in the atmosphere for thousands of years. Data collected from facilities that inject CO2 underground would enable EPA to track the amount of CO2 that is injected and in some cases require a monitoring strategy for detecting potential emissions to the atmosphere.
EPA said the data will also allow businesses to track their own emissions, compare them to similar facilities, and identify cost effective ways to reduce their emissions in the future. EPA is also proposing to require all facilities in the reporting system, including the newly proposed sectors, to provide information on their corporate ownership. Under the proposals, newly covered sources would begin collecting emissions data on January 1, 2011 with the first annual reports submitted to EPA on March 31, 2012. The proposals will be open for public comment for 60 days after publication in the Federal Register soon. The Agency will also hold public hearings on the proposals on April 19, 2010 in Arlington, VA and April 20, 2010 in Washington, DC.
Access a release from EPA (click here). Access more information on these proposals and the hearings (click here).