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Methane Emissions Fees: New Rules for Oil and Gas Companies

This act introduces fees on methane emissions from oil and natural gas operations to reduce pollution and prevent the loss of valuable gas. Companies will pay for excessive emissions, encouraging investment in leak reduction technologies. Funds collected will support coastal resilience, potentially improving safety and the environment in these areas.
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 alternative calculation option for companies investing in advanced emission reduction technologies.
Collected funds from these fees will be transferred to a fund supporting coastal resilience projects, potentially benefiting environmental and safety aspects for coastal communities.
The act does not limit states from implementing their own methane emission regulations or fees.
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Additional Information
Print number: 117_S_645
Sponsor: Sen. Whitehouse, Sheldon [D-RI]
Process start date: 2021-03-09
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Methane Emissions Reduction Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_645.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-09.

What are the main provisions?

Key points include:

  • 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 alternative calculation option for companies investing in advanced emission reduction technologies.
  • Collected funds from these fees will be transferred to a fund supporting coastal resilience projects, potentially benefiting environmental and safety aspects for coastal communities.
  • The act does not limit states from implementing their own methane emission regulations or fees.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Whitehouse, Sheldon [D-RI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Environment Taxes Public Investments