Energy Transfer Pipeline Triggers Methane Cloud in Louisiana [Financial Post (Toronto, Ontario, Canada)]
Energy Transfer LP Common Units (ET)
Last energy transfer lp common units earnings: 2/19 04:10 pm
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Source: Financial Post
(Bloomberg) — Energy Transfer LP reported a methane release from a pipeline in Louisiana that had the same short-term climate impact as the annual emissions from about 2,600 US cars. Approximately 8.2 million cubic feet of natural gas was released from a gathering line July 22, the operator disclosed in two filings with the National Response Center last month. Methane, which is the primary component of natural gas, traps more than 80 times more heat than carbon dioxide over its first couple of decades in the atmosphere.US fossil-fuel operators that leak or intentionally release the potent greenhouse gas are set to face a first-time fee under the $370 billion climate, energy and health package agreed to by US Senate Majority Leader Chuck Schumer and Senator Joe Manchin late last month. Methane leaking from oil and gas wells, pipelines and an array of other infrastructure would lead to fees rising to as much as $1,500 a ton in 2026 for some operators. Energy Transfer declined to comment
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