Chevron Stands Alone With Trump on Methane Rollback
Chevron Corp. appears to be the only oil major that's opposed to federal regulation of methane, a gas that when leaked from fossil fuel wells has an outsize influence on the climate.
While majors generally haven't celebrated the move, Amy Myers Jaffe, managing director of the Climate Policy Lab at the Fletcher School of Law and Diplomacy at Tufts University, said that some within the industry think deregulation will offer oil and gas a lifeline.
"Regulatory relief has not brought about a renaissance in the oil and gas industry in the South, in Texas and Louisiana and Oklahoma," she said. "If anything, they're in worse shape now than they've ever been."