EU Suspends Methane Rules as Energy Crunch Intensifies

The European Union has decided to suspend a regulation requiring oil and gas suppliers to report emissions along their supply chains amid an energy crunch that has sent oil and gas prices higher and prompted a rush to secure scarce supply. Citing a draft document from the European Commission to national governments, Reuters reported that EU capitals were informed they could remove planned penalties for non-compliance with the methane rules. “Sanctioning should be delayed until the situation is stable and resumed if the infringement persists…