EPA's new rule to charge oil and gas companies for emissions could face a Trump reckoning

  • 📰 FoxNews
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 87%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The EPA on Tuesday announced a final rule to charge oil and gas companies for emissions, but opponents say it could face obstacles under the incoming GOP administration.

The Biden administration is moving to charge oil and gas companies a new fee on methane emissions, but opponents of the rule suggest such efforts could be short-lived under incoming Republican leadership. On Tuesday, the Environmental Protection Agency announced it will try to 'incentivize' the oil and gas industry to reduce methane emissions by imposing a Waste Emissions Charge, allowed under the Inflation Reduction Act.

Opponents of the new rule are already making plans to avert the proposed methane fee. In a press release Tuesday, the American Petroleum Institute released a policy road map for the incoming Trump administration and hit back against the EPA's final rule. Included in the suggested plan was for the Trump administration to 'end EPA’s methane fee that misinterprets Congressional intent and does little beyond increasing the cost of production for American oil and natural gas.' The Western Caucus also slammed the charge, but highlighted that the incoming administration will make changes to the current EPA's agenda.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines