The oil and gas industry, directed by the natural incentives that result from markets, is already reducing methane emissions in a way that benefits all.

Is it possible to have “near zero” methane emissions from oil and natural gas production operations and, at the same time, low-cost energy? Fortunately for Ohioans and shale-gas producers in Ohio the answer is yes. Not just any climate policy will achieve these twin goals, however. It will take one that relies on markets and not just on heavy-handed environmental regulation.

For Ohio, a lot is at stake, and it’s not only the shale industry that potentially would implode if the methane issue is not resolved. Currently, 12 gas-fired power plants are under construction in the state, and more are expected to be built. The use of natural gas for household heating, power generation, and manufacturing is increasing.

Read more:

http://naturalgasnow.org/reducing-methane-emissions-minimal-regulation-already-happening/