The changes to the EPA’s Mandatory Greenhouse Gas Reporting Rule (MRR) announced March 22 mean that owners and operators of petroleum and natural gas facilities not previously subject to reporting under the existing MRR must now report their emissions, according to environmental law firm Vinson & Elkins.
The new rule affects onshore and offshore production, onshore processing and transmission compression, and storage and distribution facilities that emit 25,000 metric tons of carbon dioxide equivalent (metric tons CO2e).
Most companies will need to begin collecting data on greenhouse gas emissions by January 1, 2011 in order to determine whether they exceed the 25,000 metric ton CO2e limit. The first annual report will be due to the EPA in 2012.
A full article from Vinson & Elkins on the new rules is available here.