US proposes fee on methane from big oil and gas producers
- The Biden administration has proposed a rule requiring oil and gas companies to pay a fee for exceeding methane emissions levels, aiming to promote emission reduction practices.
- Methane, a potent greenhouse gas, is responsible for a third of US greenhouse gas emissions, predominantly from the oil and gas sector. The new fee encourages industry to mitigate methane emissions and slow climate change.
- The proposed fee will work in conjunction with a final rule on methane emissions. It aims to encourage early adoption of technologies to reduce emissions before new standards take effect.
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Coverage Details
Total News Sources0
Leaning Left13Leaning Right3Center12Last UpdatedBias Distribution46% Left
Bias Distribution
- 46% of the sources lean Left
L 46%
C 43%
11%
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