US to scrap industry greenhouse gas reporting program

The Environmental Protection Agency says the reporting program does nothing to improve air quality. Photo: AP PHOTO

The US Environmental Protection Agency plans to scrap a program that requires thousands of industrial companies to report their greenhouse gas emissions, saying it imposes unnecessary costs.

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"The Greenhouse Gas Reporting Program is nothing more than bureaucratic red tape that does nothing to improve air quality," the agency's administrator Lee Zeldin said in a statement.

The EPA said ending the scheme could save US companies up to $2.4 billion in regulatory costs.

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