US oil and gas firms to face federal fee for methane emissions in new EPA rule
by Associated Press from on (#6S5Y9)
Environmental Protection Agency rule seeks to curb super pollutant' more potent than carbon dioxide in short term
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 (EPA) rule follows through on a directive from Congress included in the 2022 climate law. The new fee is intended to encourage industry to adopt best practices that reduce emissions of methane - the primary component of natural gas - and thereby avoid paying the fee.
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