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
To direct the Secretary of Energy to issue regulations regarding disclosure of oil data, and for other purposes.
This Act may be cited as the
Know Your Oil Act of 2016.
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—
greenhouse gas emissions during extraction, refining, and combustion;
nonproprietary practices and technologies that affect such emissions, including—
locations of oil fields;
flaring of natural gas associated with extraction and production;
venting of methane gas associated with extraction and production;
refinery processes and production practices;
supply chains, logistics, and methods of transport for products; and
production and reserve volumes of oil fields; and
standardized oil assays that are multi-cut with fixed temperatures and routinely collected to characterize each oil field resource.
In carrying out this Act, the Secretary shall consult with appropriate entities that are authorized to collect relevant information, including—
the Environmental Protection Agency;
the Department of the Interior;
the Securities and Exchange Commission;
the Department of Commerce, acting through the National Oceanic and Atmospheric Administration;
tribal governments; and
the respective energy, oil, and gas resource agencies of each State; or
interstate compacts, including the Interstate Oil and Gas Compact Commission.
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.