Biden Imposes Levy on Methane Despite Trump’s Election
- Congress mandated fee on excess emissions in 2022 climate law
- Oil industry leaders cast new charge as a tax on natural gas
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Oil and gas producers in the US will for the first time be required to pay for some of their methane emissions under a regulation the Biden administration finalized Tuesday.
The congressionally mandated rule is the final piece of a three-part package of methane regulations that levies penalties of $900 per metric ton for “excess” methane emissions that are above a government threshold. That fee is set to rise to $1,500 per metric ton in 2026.