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June 7th - According to sources, Sriram Krishnan, a technology investor who spearheaded the Trump administrations pro-industry AI policy, plans to leave the White House at the end of this month to found an outside organization aimed at influencing technology policy. Krishnan is one of the architects of the governments "AI Action Plan," which outlined a blueprint for deregulating new technologies and promoting the construction of data centers nationwide. He also participated in drafting an executive order limiting states ability to regulate AI. However, advanced AI models such as Anthropics Mythos have demonstrated the ability to discover software security vulnerabilities, raising concerns among senior government officials about the risk of cyberattacks and prompting some officials to reassess the relaxed regulatory approach championed by Krishnan and others.According to Saudi media alhadath: Pakistans Interior Minister has arrived in Iran.According to The Information, White House senior policy advisor on artificial intelligence, Krishnan, will be leaving the office.On June 7th, Federal Reserve Governor Michael Barr criticized regulators moves over the past year to ease restrictions on bank lending, stating that related proposals "significantly weakened bank regulation." Barr stated that the vulnerabilities resulting from deregulation may not be immediately apparent, but will accumulate problems over the next few years and could cause serious damage to the economy. Trump-era officials have taken steps to ease capital requirements for Wall Street banks, narrow the scope of regulation, and pave the way for competition between traditional banks and private lending giants. Barr warned that weaker capital rules, liquidity requirements, and regulation could increase the risk of bank failures. He pointed out that banks need room to grow to support economic innovation, but long-term experience shows that without proper safeguards, the pursuit of high-profit innovation can lead to excessive risk. When banks run into trouble, their failures threaten businesses and households, and even jeopardize the overall economy.Federal Reserve Chairman Barr warned that relaxing regulatory rules for Wall Street banks could pose risks.

Low-yielding US Oil Wells Emit Half of Methane, Survey Says

Charlie Brooks

Apr 21, 2022 09:26

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Methane is the second most significant contributor to climate change, behind carbon dioxide.


Environmental organizations criticized the proposed regulation because it required corporations to monitor just major well sites spewing an estimated three tons of methane per year or more, which the government said accounted for 86 percent of leaks.


Marginal wells produce fewer than 15 barrels of oil equivalent per day and release methane at a rate six to twelve times that of the national average, the research said. This is comparable to losing 10% of their gas into the atmosphere.


It demonstrates how, by exempting those wells from regulation, the EPA would be oblivious to a massive source of methane.


"The methane impact of these little wells is huge and cannot be disregarded," said Mark Omara, co-author of the research and an environmental scientist with the Environmental Defense Fund.


According to EPA spokesman Nick Conger, the agency received the report's information during the public comment period on the November proposal.


"We are taking it into account, as well as all other comments received, as we create a supplementary proposal that the Agency anticipates issuing later this year," he said in an e-mailed statement.


The oil and gas industry lobbied the EPA to exempt smaller wells from the regulations, citing the sheer volume of such wells and the associated costs of monitoring and repair.


Field observations revealed that "negligence and degradation" of equipment was the predominant source of methane emissions at low-production well sites, indicating that they might be prevented with more regular monitoring and site inspections, the research said.


The proposed EPA methane rule would be the first to control methane emitted by existing oil and gas operations, requiring oil and gas firms to periodically check and fix methane leaks at 300,000 of their largest well sites and other equipment.