America Cracks Down on Methane Emissions from Oil and Gas Facilities

Friday America's Environmental Protection Agency 'proposed steep new fees on methane emissions from oil and gas facilities,' reports the Washington Post, 'escalating a crackdown on the fossil fuel industry's planet-warming pollution.'
Methane does not linger in the atmosphere as long as carbon dioxide, but it is far more effective at trapping heat — roughly 80 times more potent in its first decade. It is responsible for roughly a third of global warming today, and the oil and gas industry accounts for about 14 percent of the world's annual methane emissions, according to estimates from the International Energy Agency. Other large methane sources include livestock, landfills and coal mines.
So America's new Methane Emissions Reduction Program 'levies a fee on wasteful methane emissions from large oil and gas facilities,' according to the article:

The fee starts at $900 per metric ton of emissions in 2024, increasing to $1,200 in 2025 and $1,500 in 2026 and thereafter. The EPA proposal lays out how the fee will be implemented, including how the charge will be calculated...

At the U.N. Climate Change Conference in Dubai in December, EPA Administrator Michael Regan announced final standards to limit methane emissions from U.S. oil and gas operations. Fossil fuel companies that comply with these standards will be exempt from the new fee... Fred Krupp, president of the Environmental Defense Fund, said the fee will encourage fossil fuel firms to deploy innovative technologies that detect methane leaks. Such cutting-edge technologies range from ground-based sensors to satellites in space. 'Proven solutions to cut oil and gas methane and to avoid the fee are being used by leading companies in states across the country,' Krupp said in a statement...

In addition to methane, the EPA proposal could slash emissions of hazardous air pollutants, including smog-forming volatile organic compounds and cancer-causing benzene [according to an EPA official].

The federal government also gave America's fossil fuel companies nearly $1 billion to help them comply with the methane regulation, according to the article.

The article also includes this statement from an executive at the American Petroleum Institute, the top lobbying arm of the U.S. oil and gas industry, complaining that the fines create a 'regime' that would 'stifle innovation,' and urging Congress to repeal it.

Read more of this story at Slashdot.