"A plan to impose a fee of $900 to $1,500 on every excess ton of methane emissions would be the first federal price on greenhouse gas pollution."
"The Biden administration announced new moves on Friday to curb the release from oil and gas facilities of methane, a potent greenhouse gas that is responsible for more than a quarter of the warming the planet is currently experiencing.
Under the new plan, oil and gas companies would be required for the first time to pay a fee for emitting methane. The resulting penalties could total millions of dollars for the companies.
Methane is the second-most-abundant greenhouse gas after carbon dioxide, but is 80 times as powerful in the short run in terms of heating the atmosphere.
The proposed fees come as American gas and oil production have reached record levels."
Lisa Friedman reports for the New York Times January 12, 2024.
SEE ALSO:
"EPA Proposes Methane Emission Fees" (E&E News)
"US Proposes Fee On Methane From Big Oil And Gas Producers" (Reuters)
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