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European Commission weighs suspending methane fines during energy emergencies, FT reports

May 6, 202612:24 PM Reuters0 Comments

The European Commission is considering suspending methane emissions penalties during energy supply crises after pressure from the United states and the fossil fuel industry to dilute rules on leaks of the greenhouse gas, the Financial Times reported on Wednesday.

The Commission plans to roll out new rules on monitoring, reporting and verification for methane leaks and flaring tied to fossil fuel imports next year, the newspaper said, adding that the Middle East crisis has prompted calls to put the measures on hold.

Reuters could not immediately verify the report.

(Reporting by Chandni Shah in Bengaluru)

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