Excess methane produced in 2024 could result in a fee of $900 per ton, with fees rising to $1,200 per ton in 2025. Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain levels under a rule being made final by the Biden administration.The Environmental Protection Agency rule follows through on a directive from Congress included in the 2022 climate law.

BING NEWS:
  • Biden EPA to charge first-ever 'methane fee' for drilling waste by oil, gas companies
    Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain levels under a rule announced by the Biden administration ...
    11/12/2024 - 3:50 am | View Link
  • Biden EPA to charge first-ever ‘methane fee’ for drilling waste by oil and gas companies
    Methane is a climate “super pollutant” that is far ... Trump is likely to target the methane fee amid a flurry of expected actions he has promised to deregulate the oil and gas industry. As outlined ...
    11/12/2024 - 12:57 am | View Link
  • EPA to charge first ‘methane fee’ for emissions waste by oil and gas companies
    Methane is a climate “super pollutant” that is far ... Trump is likely to target the methane fee amid a flurry of expected actions he has promised to deregulate the oil and gas industry. As outlined ...
    11/11/2024 - 11:00 am | View Link
  • Supreme Court allows Biden EPA to enforce climate rules for power plants
    The EPA’s new rules will compel existing coal and new natural gas power plants to either cut or capture 90% of their climate pollution by 2032. The rules are expected to reduce the carbon ...
    10/16/2024 - 9:02 am | View Link
  • Oil price rise comes at a critical point
    The price of oil has jumped 5% after US President Joe Biden said the US was discussing possible strikes by Israel on Iran’s oil industry. Asked on a visit if he would support Israel striking ...
    10/2/2024 - 1:00 pm | View Link
  • More

 

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