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How will major oil companies respond to the EPA's methane fee by March 2025?
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Resolution / Starting Odds
Compliance without legal challenge • 25%
Compliance with legal challenge • 25%
Non-compliance with legal challenge • 25%
Non-compliance without legal challenge • 25%
Press releases or official statements from major oil companies
Story
EPA Finalizes Rule on Tuesday: Biden Administration to Impose Methane Fee on Oil and Gas Drilling
Nov 12, 2024, 08:43 AM
The Biden administration is set to implement a new regulation that will impose a fee on methane emissions from oil and gas drilling operations in the United States. This move comes as part of a broader effort to curb greenhouse gas emissions, with the Environmental Protection Agency (EPA) finalizing the rule on Tuesday. The fee, mandated by a 2022 climate law, aims to address excess emissions from oil wells. Environmentalists have expressed skepticism about the oil and gas industry's claims of reducing emissions by 95% at drilling sites in Colorado, suggesting that the new regulation might be necessary to ensure accountability.
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All major companies comply • 25%
Most major companies comply • 25%
Few major companies comply • 25%
No major companies comply • 25%
Improved detection technology • 25%
Operational changes • 25%
Offsets and credits • 25%
Other • 25%
ExxonMobil • 25%
Chevron • 25%
ConocoPhillips • 25%
Other • 25%
Compliance with regulations • 25%
Partial compliance • 25%
Non-compliance • 25%
Legal challenge • 25%
Fully enforced • 25%
Partially enforced • 25%
Not enforced • 25%
Legal reversal • 25%
Yes • 50%
No • 50%
ExxonMobil • 25%
Chevron • 25%
BP • 25%
Other • 25%
Increase investment significantly • 25%
Increase investment moderately • 25%
No change in investment • 25%
Decrease investment • 25%
Yes • 50%
No • 50%