Biden Admin Unveils ‘Natural Gas Tax’ Proposal

[rangerrebew]

Biden Admin Unveils ‘Natural Gas Tax’ Proposal
 

NICK POPE
CONTRIBUTOR
January 12, 2024
 

The Biden administration proposed a new regulation Friday that would impose fines on oil and gas companies for methane emissions, the Environmental Protection Agency (EPA) announced.

The policy would require companies to pay a penalty of $900 per every ton of methane emitted beyond limits established by the government starting this year, with the cost for each ton above the government’s thresholds increasing to $1,200 in 2025 and jumping to $1,500 in 2026 and beyond, according to the EPA. While the agency touts the proposal as a tool to reduce methane emissions, energy producers have slammed it for adding complexity to the regulatory environment and potentially driving up energy costs for consumers.

“Today’s proposal, when finalized, will support a complementary set of technology standards and historic resources from the Inflation Reduction Act, to incentivize industry innovation and prompt action,” Michael Regan, the EPA’s administrator, said of the proposal. “We are laser-focused on working collectively with companies, states and communities to ensure that America leads in deploying technologies and innovations that aid in the development of a clean energy economy.”

https://dailycaller.com/2024/01/12/biden-epa-methane-emissions-tax-proposal/

[Smokin Joe]

The people who fight pipelines want to tax natural gas, now.

Please, Almighty Father, Help us have sane, intelligent, and benevolent adults in charge of our Government soon.

It's 31 below zero out, -61 degrees wind chill and they want life preserving energy sources to cost even more?

Come here and say that, outside, in your sandals and beachy shorts.