excalibur
Diamond Member
- Mar 19, 2015
- 28,534
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Another dumbass idea by the dumbass Joe Biden junta. Designed to wreck the economy.
If Harris had won, you wouldn't recognize the crappy economy we'd have in the next 4 years.
President Biden's Environmental Protection Agency (EPA) 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 fee will start at $900 per metric ton of methane emitted over a specific performance level during 2024. In subsequent years, the fee will increase. In 2025, it will grow to $1,200 per metric ton. In 2026, it will increase to $1,500 per ton. Meanwhile, each subsequent year after that, the fee will continue to rise, according to the EPA.
...
While climate change advocates, such as the Clean Air Task Force, have praised Biden's rule regulating methane emissions, Steve Milloy, a fellow at the Energy and Environmental Legal Institute, described the action as "irrelevant." Milloy said that because upwards of 95% or more of the greenhouse gasses trapped by the earth's atmosphere are water vapor and carbon dioxide, little to no room remains for methane to be stored.
...
Rep. Greg Murphy, R-N.C., who was endorsed by Citizens for Responsible Energy Solutions during his bid for re-election this year, echoed that going after the oil and gas industry with this latest tax will serve to "raise costs and prevent investment."
"Thankfully, this insanity will end in January," Murphy said.
www.foxnews.com
If Harris had won, you wouldn't recognize the crappy economy we'd have in the next 4 years.
President Biden's Environmental Protection Agency (EPA) 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 fee will start at $900 per metric ton of methane emitted over a specific performance level during 2024. In subsequent years, the fee will increase. In 2025, it will grow to $1,200 per metric ton. In 2026, it will increase to $1,500 per ton. Meanwhile, each subsequent year after that, the fee will continue to rise, according to the EPA.
...
While climate change advocates, such as the Clean Air Task Force, have praised Biden's rule regulating methane emissions, Steve Milloy, a fellow at the Energy and Environmental Legal Institute, described the action as "irrelevant." Milloy said that because upwards of 95% or more of the greenhouse gasses trapped by the earth's atmosphere are water vapor and carbon dioxide, little to no room remains for methane to be stored.
...
Rep. Greg Murphy, R-N.C., who was endorsed by Citizens for Responsible Energy Solutions during his bid for re-election this year, echoed that going after the oil and gas industry with this latest tax will serve to "raise costs and prevent investment."
"Thankfully, this insanity will end in January," Murphy said.
Biden imposes a new methane emissions tax as he prepares to leave the White House
President Biden's Environmental Protection Agency finalized a new rule 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.
www.foxnews.com
