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Exxon backs federal methane regulation

Exxon
Photo: Cooper Neill / Bloomberg via Getty Images

America’s biggest oil company is supporting a federal regulation on emissions of methane, a potent greenhouse gas that’s also the primary component of natural gas.

Why it matters: The move puts the oil and gas giant at odds with many of its smaller peers that are urging President Trump to wholly repeal an environmental regulation issued by the Obama administration. It’s the latest and among the most significant signs that some of the biggest fossil-fuel companies want regulatory certainty over outright deregulation.