Regulatory outlook on the new methane emissions reduction policies of the EU and the United States

President Joe Biden has recently announced plans to introduce new methane emissions legislation to help support his climate goals, while oil-producing states are taking various stances on local regulatory norms. October 2020 has marked a legislative proposal by the European Commission to introduce a new methane emissions strategy. In September 2021, the U. S. and the EU jointly announced a Global Methane Pledge in preparation for COP26.

What should the industry expect from the regulations, and how can policy be shaped jointly with other stakeholders?