Kate Abnett reports: The European Commission drafted a recommendation asking member states to waive penalties for oil and gas companies that breach the EU Methane Regulation in 2027, 2028, and 2029, except for “large-scale fraudulent breaches.” The waiver would apply to existing contracts and those signed or renewed before January 2028. The move responds to pressure from the U.S. government and industry over concerns that penalties could hamper Europe’s ability to secure fuel supplies amid the Iran crisis. Environmental groups warned the waiver would reduce the methane law to a “paper tiger.” Link to Content