"US EPA Proposes Fees on Methane Emissions from Oil and Gas Companies"

The Biden administration has proposed a new rule that would require oil and natural gas companies to pay a fee for methane emissions exceeding certain levels, in line with a directive from Congress. The fee aims to incentivize the industry to adopt practices that reduce methane emissions, a potent climate pollutant. The proposed fee would start at $900 per ton of excess methane and rise to $1,500 per ton by 2026. While some lawmakers and environmental groups support the fee as a way to hold companies accountable for pollution, industry groups criticize it as a punitive tax increase that could raise energy costs.