The Environmental Protection Agency plans to end a federal reporting rule that tracks the quantities of greenhouse gases like methane, carbon dioxide and nitrous oxide released into the air by industrial facilities, according to an agency news release .

Ending the Greenhouse Gas Reporting Program , which has been in place since 2009, would affect over 8,000 facilities, including power plants, electronic, chemical and mineral processing facilities and oil refineries.

The program's data are used to guide federal policy, and the data also help companies demonstrate they're hitting emissions-cutting benchmarks for the public, shareholders and investors.

EPA Administrator Lee Zeldin said in the release that the plan would save American businesses as much as $2.4 billion in regulatory cos

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