American Sustainable Business Network releases methane case study as EPA announces rule update to reduce methane
— David Levine, President and Co-Founder of ASBN
WASHINGTON DC, USA, November 11, 2022 /EINPresswire.com/ — American Sustainable Business Network (ASBN), a movement-building organization committed to informing, connecting, and mobilizing the business and investor community toward a just and sustainable economy, applauds the U.S. Environmental Protection Agency ( EPA) for its recent announcement to reduce methane and other harmful pollutants from oil and gas operations in the United States, and released a methane case study to further highlight the economic benefits of pollution control by methane.
In the Business Case for Regulating Methane Emissions, the ASBN presents critical action items and data to support a strong economy, address the growing climate crisis, and protect public health and well-being. The business case for methane to reduce methane impacts will mitigate climate risks, prevent continued damage to local communities and ecosystems, reduce price uncertainty and market volatility, and regulate harmful methane impacts to boost investment and innovation.
The ASBN has long supported the EPA and will continue to work with government agencies and policy makers to advance strong public policy that encourages a just transition to sustainable energy sources.
“The recent announcement to enact meaningful regulations against methane pollution is a victory for ASBN and the business community,” said David Levine, President and Co-Founder of ASBN. “We called for bold and immediate action to reduce methane, and the Biden-Harris administration listened. Now the EPA must get down to finalizing these safeguards to advance environmental justice, slow the rate of climate change, and protect the health and safety of communities across the country.
By protecting businesses and communities from the negative impacts of methane, policies can also support a transition to a more regenerative and renewable energy system. ASBN member organizations, the New Jersey Sustainable Business Council, Avocado Green Brands and Okeanos are examples of sustainable businesses across the country committed to identifying and implementing real solutions to address social, environmental, and economics of methane emissions.
“Stricter methane regulations will simultaneously reduce climate risks and costs while creating huge economic opportunities,” said Richard Lawton, executive director of the New Jersey Sustainable Business Council. “As one of the states most vulnerable to climate change, New Jersey has become a leader in enacting policies that drive private investment and innovation aimed at creating a fairer and more sustainable energy economy. cleaner. Methane regulation will create new markets and growth opportunities. for methane reduction technologies, businesses and associated jobs; all in the service of further accelerating the energy transition that will benefit everyone, including future generations.”
The case study also cites extreme weather events, disrupted supply chains, changes in consumer spending and other localized factors as economic impacts of climate change. Meaningful policies, like the EPA rule, will help mitigate these impacts and strengthen the national economy as a whole.
“Methane emissions are accelerating the climate crisis and making the planet more dangerous and unpredictable for everyone,” said Mark Abrials, chief marketing officer and co-founder of Avocado Green Brands. “In order to stabilize our supply chains and create a more resilient economy and a healthier planet for all, it is essential that we adopt policies that reduce methane emissions. To this end, we are testing blockchain technologies to extend monitoring, reporting and verification; and vertical expansion within our natural and organic supply chain to provide consumers with more sustainable options and lifestyles.
This updated proposal is an opportunity for the Administration to make progress on its climate commitments and lays the groundwork to hold the oil and gas industry accountable for its promises to reduce methane pollution and address the climate crisis.
“We strongly support the administration’s strategy on methane pollution and believe it supports creative innovation such as our technology,” said Dr. Russell Petrie, co-founder of Okeanos. “Made From Stone, which replaces petroleum-based and bio-based products with inorganic calcium carbonate, has distinct advantages over bioplastics in terms of anaerobic digestion and methane production. As an inorganic material, calcium carbonate is a stable carbon sink, which means that when it breaks down, it does not create methane and can have positive effects on soil pH. With Made From Stone, Okeanos has established a new category of mineral-based products that can achieve immediate, significant and measurable reductions in methane, plastic and CO2, compared to other materials.
For ASBN and its network of more than 250,000 companies, this announcement is an important step forward for people and the planet—-and will spur new innovation, encourage energy conservation and create business opportunities for new technologies. . The ASBN will continue to support the EPA and advocate for policies that support a resilient and sustainable economy.
For more information on ASBN or to become a member, visit www.asbnetwork.org. To receive the latest information on key social and environmental legislation impacting the economy, follow the ASBN on Twitter at @theASBN.
About the American Sustainable Business Network
American Sustainable Business Network (ASBN) is a movement builder in partnership with the business and investment community. ASBN develops and advocates solutions for policy makers, business leaders and investors that support an equitable, regenerative and just economy that benefits everyone – people and the planet. As a multi-stakes membership organization advocating on behalf of every industry, size and geography, the ASBN and its Association Members collectively represent more than 250,000 businesses across our networks. ASBN was founded by the merger of the American Sustainable Business Council and the Social Venture Circle.
US Sustainable Business Network