Energy and Environment

EPA outlines new rules for methane emissions fee

By Breanne Deppisch
Published January 12, 2024 5:18pm ET
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EPA outlines new rules for methane emissions fee
FILE - Environmental Protection Agency Administrator Michael Regan appears before the House Committee on Science, Space, and Technology on Capitol Hill, Sept. 27, 2023 in Washington. Oil and natural gas companies would have to pay a fee for methane emissions that exceed certain levels under a new rule proposed by the Biden administration. Regan said the proposed fee would work in tandem with a final rule on methane emissions the EPA announced December 2023. (AP Photo/Mark Schiefelbein, File)

The Environmental Protection Agency released a draft rule Friday outlining its plans to tax oil and gas companies for their excess methane emissions, the latest in a series of steps the Biden administration has taken to crack down on emissions of the potent greenhouse gas from U.S. oil and gas producers.

The new proposal details how and when the EPA will begin taxing U.S. oil and gas operators for excess methane emissions, something it was tasked with doing under the 2022 Inflation Reduction Act. 

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Biden Administration Energy and Environment Environmental Protection Agency Michael Regan Natural Gas News Oil