EnergyFederalEPA Announces New Methane Emissions Rule Aimed at Reducing Flaring
Brad JohnsonNovember 2, 2021
The rule must first pass a 60-day public comment period before going into effect.
The rule must first pass a 60-day public comment period before going into effect.
After President Biden signs the bill into law, the EPA will begin its rulemaking process before full implementation of the new law.
A proposed law, intended to discourage flaring, would establish a 25 percent tax on gas flared by oil and gas companies.
Last April, oil prices plunged to historic lows but this month, the price of West Texas Intermediate surpassed its pre-pandemic price.
One of the executive orders issued by the Biden administration in the president's first week on the job is a prohibition against new drilling operations on federal lands.