{"id":8440,"date":"2014-10-14T09:20:29","date_gmt":"2014-10-14T14:20:29","guid":{"rendered":"http:\/\/blogs.edf.org\/energyexchange\/?p=8440"},"modified":"2014-10-14T12:51:07","modified_gmt":"2014-10-14T17:51:07","slug":"investors-voice-market-support-for-methane-regulation","status":"publish","type":"post","link":"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/","title":{"rendered":"Investors Voice Market Support for Methane Regulation"},"content":{"rendered":"

By: Tom Murray<\/a>, Vice President, Corporate Partnerships Program\u00a0<\/em><\/p>\n

\"banner_gas-300x150\"<\/a>Last week, financial community leaders took a big step into the intersection of business and policy on the urgent need to curb methane emissions from the oil and gas sector. A group of investors\u00a0managing more than $300 billion in market assets<\/b>\u00a0sent a letter to the U.S. Environmental Protection Administration and the White House<\/a>, calling for the federal government to regulate methane emissions from the oil and gas sector. The letter urged covering new and existing oil and gas sites, including upstream and midstream sources, citing that\u00a0strong methane policy can reduce business risk and create long-term value for investors and the economy<\/b>.<\/p>\n

Spearheaded by Trillium Asset Management, the cosigners of the letter to EPA Administrator Gina McCarthy included New York City Comptroller Scott M. Stringer, who oversees the $160 billion New York City Pension Funds, and a diverse set of firms and institutional investors. They spelled out in no uncertain terms that they regard methane as a\u00a0serious climate and business problem<\/b>\u00a0\u2013 exposing the public and businesses alike to the growing costs of climate change associated with floods, storms, droughts, and other severe weather.<\/p>\n

Study after scientific study shows just how damaging methane is to the climate. Meanwhile, the nation\u2019s largest industrial source of this pollution \u2013 the oil and gas sector \u2013 is expanding rapidly. Consequently, methane is not only being acknowledged as one of the\u00a0most pressing climate issues of our time<\/a>, but as a substantial\u00a0investment risk<\/a>\u00a0if left unaddressed.<\/p>\n

The 18 signers make the point that\u00a0proven, low-cost solutions<\/a>\u00a0already exist<\/b>\u00a0to cut methane emissions from the oil and gas sector by 40 percent. And while they support state-level action, including the steps taken in Colorado and California, and voluntary measures by industry to reduce emissions, they are clear that these efforts alone cannot address the problem at enough scale, nor as quickly as we need. They assert because the industry is spread across the country, \u201cuniform rules are the only way to level the playing field and ensure high performance across the board<\/b>.\u201d Further, the letter stated that a\u00a0national framework would \u201censure simplicity, consistency and certainty.\u201d[Tweet “Investors make the point that proven, low-cost solutions already exist to cut methane emissions from oil & gas http:\/\/ow.ly\/CKBM2 “]<\/p>\n

I wrote in this space a few weeks ago about how voluntary corporate efforts are important, even critical, but to meet the challenge that climate change presents, businesses have to lead on policy as well. We need more of the type of constructive industry engagement we saw in Colorado. Having three of Colorado\u2019s largest energy companies sit down with state regulators and environmentalists to help craft smart methane policy, with rules that stand today as a national model, shows us what\u2019s possible.<\/p>\n

Working proactively with lawmakers to develop a rule on methane emissions is in the industry\u2019s best interest, as federal regulation would provide much-needed market certainty for companies regarding emission standards and monitoring and repair requirements for new and existing projects. Goldman Sachs concluded in a\u00a02014 report<\/a>\u00a0that a lack of certainty in potential federal environmental policy is a major risk factor limiting investment and job creation in natural gas projects.<\/p>\n

By providing support and insight to shape the regulatory and policy changes we need, companies can help\u00a0protect our communities, climate, and economy. Read the letter, and if you find it inspires you, add your voice to the growing group of businesses in support of federal action on methane emissions from the oil and gas sector.<\/p>\n

This post originally appeared on our EDF + Business blog<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

By: Tom Murray, Vice President, Corporate Partnerships Program\u00a0 Last week, financial community leaders took a big step into the intersection of business and policy on the urgent need to curb methane emissions from the oil and gas sector. A group of investors\u00a0managing more than $300 billion in market assets\u00a0sent a letter to the U.S. Environmental …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34795,55717,693],"tags":[],"coauthors":[],"class_list":["post-8440","post","type-post","status-publish","format-standard","hentry","category-colorado","category-methane-2","category-natural-gas"],"acf":[],"yoast_head":"\nInvestors Voice Market Support for Methane Regulation - Energy Exchange<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investors Voice Market Support for Methane Regulation - Energy Exchange\" \/>\n<meta property=\"og:description\" content=\"By: Tom Murray, Vice President, Corporate Partnerships Program\u00a0 Last week, financial community leaders took a big step into the intersection of business and policy on the urgent need to curb methane emissions from the oil and gas sector. A group of investors\u00a0managing more than $300 billion in market assets\u00a0sent a letter to the U.S. Environmental ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/\" \/>\n<meta property=\"og:site_name\" content=\"Energy Exchange\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-14T14:20:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2014-10-14T17:51:07+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2014\/10\/banner_gas-300x150.jpg\" \/>\n<meta name=\"author\" content=\"EDF Blogs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"EDF Blogs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/\"},\"author\":{\"name\":\"EDF Blogs\",\"@id\":\"https:\/\/blogs.edf.org\/energyexchange\/#\/schema\/person\/aae063915aaf10301a322185853c51d3\"},\"headline\":\"Investors Voice Market Support for Methane Regulation\",\"datePublished\":\"2014-10-14T14:20:29+00:00\",\"dateModified\":\"2014-10-14T17:51:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/\"},\"wordCount\":608,\"commentCount\":1,\"image\":{\"@id\":\"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2014\/10\/banner_gas-300x150.jpg\",\"articleSection\":[\"Colorado\",\"Methane\",\"Natural Gas\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/\",\"url\":\"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/\",\"name\":\"Investors Voice Market Support for Methane Regulation - Energy Exchange\",\"isPartOf\":{\"@id\":\"https:\/\/blogs.edf.org\/energyexchange\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2014\/10\/banner_gas-300x150.jpg\",\"datePublished\":\"2014-10-14T14:20:29+00:00\",\"dateModified\":\"2014-10-14T17:51:07+00:00\",\"author\":{\"@id\":\"https:\/\/blogs.edf.org\/energyexchange\/#\/schema\/person\/aae063915aaf10301a322185853c51d3\"},\"breadcrumb\":{\"@id\":\"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/#primaryimage\",\"url\":\"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2014\/10\/banner_gas-300x150.jpg\",\"contentUrl\":\"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2014\/10\/banner_gas-300x150.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/blogs.edf.org\/energyexchange\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Investors Voice Market Support for Methane Regulation\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blogs.edf.org\/energyexchange\/#website\",\"url\":\"https:\/\/blogs.edf.org\/energyexchange\/\",\"name\":\"Energy Exchange\",\"description\":\"Accelerating the clean energy revolution\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blogs.edf.org\/energyexchange\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/blogs.edf.org\/energyexchange\/#\/schema\/person\/aae063915aaf10301a322185853c51d3\",\"name\":\"EDF Blogs\",\"description\":\"From time to time, the Energy Exchange blog includes posts from infrequent contributors, such as other EDF scientists and staff. Since these authors vary, we use this standard author bio profile for guest posts. For more information about this author, please see his\/her link at the beginning of the post.\",\"sameAs\":[\"https:\/\/www.edf.org\"],\"url\":\"https:\/\/blogs.edf.org\/energyexchange\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Investors Voice Market Support for Methane Regulation - Energy Exchange","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/","og_locale":"en_US","og_type":"article","og_title":"Investors Voice Market Support for Methane Regulation - Energy Exchange","og_description":"By: Tom Murray, Vice President, Corporate Partnerships Program\u00a0 Last week, financial community leaders took a big step into the intersection of business and policy on the urgent need to curb methane emissions from the oil and gas sector. A group of investors\u00a0managing more than $300 billion in market assets\u00a0sent a letter to the U.S. Environmental ...","og_url":"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/","og_site_name":"Energy Exchange","article_published_time":"2014-10-14T14:20:29+00:00","article_modified_time":"2014-10-14T17:51:07+00:00","og_image":[{"url":"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2014\/10\/banner_gas-300x150.jpg","type":"","width":"","height":""}],"author":"EDF Blogs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"EDF Blogs","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/#article","isPartOf":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/"},"author":{"name":"EDF Blogs","@id":"https:\/\/blogs.edf.org\/energyexchange\/#\/schema\/person\/aae063915aaf10301a322185853c51d3"},"headline":"Investors Voice Market Support for Methane Regulation","datePublished":"2014-10-14T14:20:29+00:00","dateModified":"2014-10-14T17:51:07+00:00","mainEntityOfPage":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/"},"wordCount":608,"commentCount":1,"image":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/#primaryimage"},"thumbnailUrl":"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2014\/10\/banner_gas-300x150.jpg","articleSection":["Colorado","Methane","Natural Gas"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/","url":"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/","name":"Investors Voice Market Support for Methane Regulation - Energy Exchange","isPartOf":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/#website"},"primaryImageOfPage":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/#primaryimage"},"image":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/#primaryimage"},"thumbnailUrl":"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2014\/10\/banner_gas-300x150.jpg","datePublished":"2014-10-14T14:20:29+00:00","dateModified":"2014-10-14T17:51:07+00:00","author":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/#\/schema\/person\/aae063915aaf10301a322185853c51d3"},"breadcrumb":{"@id":"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/#primaryimage","url":"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2014\/10\/banner_gas-300x150.jpg","contentUrl":"http:\/\/blogs.edf.org\/energyexchange\/wp-content\/blogs.dir\/38\/files\/2014\/10\/banner_gas-300x150.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/blogs.edf.org\/energyexchange\/2014\/10\/14\/investors-voice-market-support-for-methane-regulation\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blogs.edf.org\/energyexchange\/"},{"@type":"ListItem","position":2,"name":"Investors Voice Market Support for Methane Regulation"}]},{"@type":"WebSite","@id":"https:\/\/blogs.edf.org\/energyexchange\/#website","url":"https:\/\/blogs.edf.org\/energyexchange\/","name":"Energy Exchange","description":"Accelerating the clean energy revolution","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blogs.edf.org\/energyexchange\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/blogs.edf.org\/energyexchange\/#\/schema\/person\/aae063915aaf10301a322185853c51d3","name":"EDF Blogs","description":"From time to time, the Energy Exchange blog includes posts from infrequent contributors, such as other EDF scientists and staff. Since these authors vary, we use this standard author bio profile for guest posts. For more information about this author, please see his\/her link at the beginning of the post.","sameAs":["https:\/\/www.edf.org"],"url":"https:\/\/blogs.edf.org\/energyexchange\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/posts\/8440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/comments?post=8440"}],"version-history":[{"count":0,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/posts\/8440\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/media?parent=8440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/categories?post=8440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/tags?post=8440"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.edf.org\/energyexchange\/wp-json\/wp\/v2\/coauthors?post=8440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}