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Blocking EPA Methane Emissions Charge for Oil and Gas Industry.

This resolution seeks to cancel a specific Environmental Protection Agency (EPA) rule that introduced a federal charge on excess methane emissions for petroleum and natural gas systems. If passed, the industry will not be required to pay these new federal fees for methane leaks. This action removes a financial incentive for the industry to reduce greenhouse gas pollution but potentially avoids increased operating costs that could affect consumer energy prices.
Key points
The resolution aims to completely disapprove and nullify the EPA's Waste Emissions Charge rule targeting the oil and gas sector.
If successful, energy companies will not face new federal costs related to methane leakage and emissions.
The blocked EPA rule detailed procedures for compliance, including netting and exemptions related to the emissions charge.
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Additional Information
Print number: 118_SJRES_122
Sponsor: Sen. Hoeven, John [R-ND]
Process start date: 2024-12-17