President Joe Biden's Environmental Protection Agency finalized a new rule Tuesday taxing methane emissions from the oil and gas sector, but critics argue the move is 'irrelevant' and will serve to boost Big Oil and stifle innovation.
President Joe Biden's Environmental Protection Agency finalized a new rule Tuesday, taxing methane emissions from the oil and gas sector. The new tax was born out of Biden's sweeping climate legislation passed by Congress, known as the Inflation Reduction Act, which included a Waste Emissions Charge provision. Although the waste emissions charge was mandated by Congress, the Biden administration had discretion on how tightly to clamp down.
The final Waste Emissions Charge is the latest in a series of actions under President Biden’s methane strategy to improve efficiency in the oil and gas sector, support American jobs, protect clean air, and reinforce U.S. leadership on the global stage,' EPA Administrator Michael Regan said in a press release. Prior to Tuesday's new methane emissions rule, Biden and his administration imposed other rules aimed at clamping down on methane.
Milloy also suggested the new methane emissions rule will likely be ineffective, considering it targets the oil and gas sector but not the agricultural sector as well. 'The largest source of methane is actually microbes,' Milloy pointed out — as opposed to man-made power plants. Microbes are tiny organisms that live in cow's stomachs, agricultural fields and wetlands, according to The Washington Post.
This week, the new president-elect nominated former New York Rep. Lee Zeldin to be his next EPA chief. Meanwhile, Republican Alaska Gov. Mike Dunleavy has been floated as a possibility for Trump's next Energy Secretary, among others. Fox News Digital reached out to the White House and EPA for comment but did not receive an on-the-record response. But the White House did point to a fact sheet it released Tuesday, on how the Biden-Harris administration has 'leverage historic U.S. climate leadership at home and abroad.'
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
President Biden Thanks Nigerian President for Binance Exec’s Release: White HouseCheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
Read more »
The Latest: Trump returns to Washington to meet with Biden and GOP lawmakersPresident Joe Biden will welcome President-elect Donald Trump to the White House on...
Read more »
Biden to host Israel's president at the White House amid peace pushPresident Isaac Herzog is scheduled to meet with Biden on Tuesday morning.
Read more »
Donald Trump Visits White House to Meet with President Biden, Melania DeclinesPresident-elect Donald Trump is set to visit the White House today at the invitation of President Joe Biden, and the 2 will sit down together in the Oval Office ... and we'll be live streaming it here.
Read more »
Israeli president to meet with Biden at White House as Netanyahu speaks with TrumpCease-fire talks mediated by the United States, Qatar and Egypt have repeatedly stalled, as have parallel efforts by the U.S. and others to halt the fighting between Israel and Hezbollah in Lebanon.
Read more »
The Latest: Trump to meet Biden the White House, the president commends Harris for her campaignVice President Kamala Harris called President-elect Donald Trump on Wednesday to congratulate him on his election victory, a senior Harris aide said.
Read more »