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VisitEPA 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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