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News in English (USA) / 12.11.2024 / 22:00

Biden Administration Implements Historic Methane Fee on Oil and Gas Companies

The Biden Administration, through the Environmental Protection Agency (EPA), has introduced a groundbreaking methane fee aimed at oil and gas companies, marking the first time such a charge has been imposed. This new rule mandates these firms to pay for excessive methane emissions, considered a significant step in tackling climate change. As the Biden term approaches its conclusion, the future of this fee remains uncertain, especially with the possibility of a change in administration. Critics argue that the incoming Trump administration could potentially dismantle the regulations. Despite these challenges, the EPA has finalized this rule in an effort to enforce accountability and reduce methane leaks, which are prevalent in the industry.
The Associated Press, CNN, The New York Times, Newsweek, Reuters, The Washington Post, The Hill, Bloomberg, Axios, Scientific American