Biden’s Climate Rule: A Tricky Target for Trump
The Environmental Protection Agency has finalized a rule aimed at reducing methane emissions from oil and gas production, a crucial step in addressing climate change. This rule, mandated by the Inflation Reduction Act, imposes fees on companies exceeding methane emission thresholds, incentivizing them to repair leaks and capture the potent greenhouse gas. The fee structure, coupled with financial incentives for leak repairs, is designed to reduce methane emissions by 1.2 million metric tons annually, equivalent to taking millions of cars off the road. This rule’s inclusion in a major climate law makes it more difficult for future administrations to dismantle, ensuring its long-term impact on reducing methane pollution and mitigating climate change.
John Q. Hosedrinker