Know Your Oil Act of 2016

Bill: 114-hr-6082
Sponsor: full_name: Rep. Huffman, Jared [D-CA-2]
Introduced: 2016-09-20
Policy area: Energy
Subjects: Administrative law and regulatory procedures

Business records

Climate change and greenhouse gases

Department of Energy

Energy storage, supplies, demand

Government information and archives

Oil and gas
Latest action: action_date: 2016-09-20
text: Referred to the House Committee on Energy and Commerce.

Summaries:
action_date: 2016-09-20
action_desc: Introduced in House
text: <p><b>Know Your Oil Act of 2016 </b></p> <p>This bill directs the Department of Energy (DOE)to issue regulations thatrequire companies that extract or refine oil to disclose oil data, including the amounts and sourcesof greenhouse gas emitted during the oilextraction, refining, and combustion process.</p> <p>DOE must consult with federal agencies and state and tribal governments to carry out this bill.Additionally, DOE must publicly disclose and maintain thedata it collects on greenhouse gas emissions and oil field resources.</p>

tv_txt: I 114th CONGRESS 2d Session H. R. 6082 IN THE HOUSE OF REPRESENTATIVES September 20, 2016 Mr. Huffman (for himself, Mr. Lowenthal , Mr. Tonko , Ms. Lee , Mr. Quigley , and Ms. Matsui ) introduced the following bill; which was referred to the Committee on Energy and Commerce A BILL To direct the Secretary of Energy to issue regulations regarding disclosure of oil data, and for other purposes.

1. Short title This Act may be cited as the Know Your Oil Act of 2016 . 2. Oil data (a) Regulations Not later than 1 year after the date of the enactment of this Act, the Secretary of Energy shall issue regulations to require companies that extract or refine oil to disclose field-level oil data, including— (1) greenhouse gas emissions during extraction, refining, and combustion; (2) nonproprietary practices and technologies that affect such emissions, including— (A) locations of oil fields; (B) flaring of natural gas associated with extraction and production; (C) venting of methane gas associated with extraction and production; (D) refinery processes and production practices; (E) supply chains, logistics, and methods of transport for products; and (F) production and reserve volumes of oil fields; and (3) standardized oil assays that are multi-cut with fixed temperatures and routinely collected to characterize each oil field resource. (b) Consultation In carrying out this Act, the Secretary shall consult with appropriate entities that are authorized to collect relevant information, including— (1) the Environmental Protection Agency; (2) the Department of the Interior; (3) the Securities and Exchange Commission; (4) the Department of Commerce, acting through the National Oceanic and Atmospheric Administration; (5) tribal governments; and (6) States, through— (A) the respective energy, oil, and gas resource agencies of each State; or (B) interstate compacts, including the Interstate Oil and Gas Compact Commission. (c) Reporting Not later than 1 year after the date the Secretary issues regulations under subsection (a), the Secretary shall publish and maintain thereafter the information gathered pursuant to this Act online as an open dataset.