U.S. Plans Methane Fee on Oil Firms to Combat Climate Change
ConocoPhillips(COP) Zacks Investment Research·2024-01-15 23:33
The United States has taken a substantial stride in confronting climate change with the Environmental Protection Agency (‘EPA’) proposing a fee on methane emissions originating from major oil and gas facilities. This strategic move aligns with the 2022 climate law, serving as a complementary measure to more extensive regulations on greenhouse gas emissions within the Oil/Energy sector. The target of the EPA's proposal is facilities reporting methane emissions exceeding 25,000 metric tons of carbon dioxide e ...