- Associated Press - Thursday, October 9, 2014

NEW YORK (AP) - The New York City comptroller is leading a group of investors asking for more methane regulations.

Comptroller Scott Stringer asked the U.S. Environmental Protection Agency on Thursday to initiate national regulations on methane emissions in the gas and oil industry.

Stringer said the federal government “must take action now” because natural gas protection is increasing dramatically throughout the U.S.

But he warned the methane it produces can be harmful to the environment.

The group controls more than $300 billion in assets, of which $160 billion is from the New York City Pension Funds. Some of that money is invested in oil and natural gas companies.

A request for comment from the EPA was not immediately returned.

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