Oil and Gas Industry Could See Methane Pollution Fees Exceeding $1 Billion
A new analysis found that under the IRA, some companies may be liable for fees that could bankrupt some operators.
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A new analysis found that under the IRA, some companies may be liable for fees that could bankrupt some operators.
The Inflation Reduction Act, the 2021 U.S. climate law abbreviated IRA, primarily reduces emissions through financial incentives, rather than binding rules.
Recent research suggests that the IRA’s methane fee could batter the oil and gas industry to the tune of more than $1 billion.
Trouble ahead for Diversified Energy, ConocoPhillips, Occidental, and CRC?
Much worse for the climate than carbon dioxide, despite global efforts to control methane, emissions continue soaring.