New performance standards for electric utilities and petroleum refineries in U.S.

Posted on January 13, 2011 by

From the immense pressure of several states and environmental groups, on 23rd December EPA revised the new source performance standards for electric utilities and petroleum refineries. These new standards will add limitations on greenhouse gas emissions from the above sources. These two industries together account approximate 40% of U.S. greenhouse gas emissions.

As per the new provision, settlement agreement requires the EPA to fix the timeframe for the revised legislations such as;

  • Electric utility standards by July 26, 2011 and issue final standards by May 26, 2012.
  • Revised petroleum refinery standards must be proposed by Dec. 15, 2011 and finalized by November 15, 2012.

Many organizations in the same domain are not happy with the proposed new regulations. American Petroleum Institute and the National Petrochemical & Refiners Association also implied the same and stated that these regulations will slow down the nation’s economic recovery.