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Methane Emissions Fees: New Rules for Oil and Gas Companies

This bill introduces fees for oil and natural gas companies based on their methane emissions, a potent greenhouse gas. The aim is to reduce air pollution and wasted natural gas, which could impact energy costs and the environment we live in. Funds collected will support coastal resilience initiatives.
Key points
Oil and natural gas companies will face fees for methane emissions starting in 2023.
The fee amount depends on the percentage of methane lost to the atmosphere, with an option for companies to use their own validated measurement protocols.
Funds collected from these fees will be transferred to the National Coastal Resilience Fund, supporting environmental projects.
This act does not affect other methane emission regulations or states' ability to impose their own fees.
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Additional Information
Print number: 117_HR_4084
Sponsor: Rep. Deutch, Theodore E. [D-FL-22]
Process start date: 2021-06-23