How the Trump administration plans to revive an environmentally destructive drilling project

The Trump administration has issued a list of new regulations aimed at cracking down on oil and gas drilling operations that could cost as much as $4.5 billion to implement.

The new regulations would require companies to reduce their methane emissions from existing wells and new wells that use fracking technology.

The Interior Department announced the new rules Monday as part of its effort to curb carbon emissions from the energy industry, which is expected to produce more greenhouse gas emissions than the coal and gas sectors.

The rules are expected to be finalized by March or April, according to a source familiar with the process.