Methane – VOXYVOTE

Biden Administration to Fine Oil and Gas Companies for Excess Methane

A plan to impose a fee of $900 to $1,500 on every excess ton of methane emissions would be the first federal price on greenhouse gas pollution.

The idea that free markets can solve societal problems and that climate change can be fixed without regulation is a ruse.

The measure, announced at the COP28 climate summit in Dubai, requires oil and gas producers to detect and fix leaks of the potent greenhouse gas.

Its new estimate of the economic impact of climate change could create the legal justification for aggressive new regulations.

It could deliver a jolt of ambition ahead of the global talks.