<
https://www.nytimes.com/2024/01/12/climate/methane-biden-oil-gas-fee.html>
"The Biden administration announced new moves on Friday to curb the release
from oil and gas facilities of methane, a potent greenhouse gas that is
responsible for more than a quarter of the warming the planet is currently
experiencing.
Under the new plan, oil and gas companies would be required for the first time
to pay a fee for emitting methane. The resulting penalties could total millions
of dollars for the companies.
Methane is the second-most-abundant greenhouse gas after carbon dioxide, but is
80 times as powerful in the short run in terms of heating the atmosphere.
The proposed fees come as American gas and oil production have reached record
levels.
Methane wafts into the atmosphere from pipelines, drill sites and storage
facilities. Some producers burn excess gas at the production site, a process
known as flaring, which releases carbon dioxide and also, sometimes, methane.
Scientists say that quickly reducing methane emissions is one of the most
effective steps nations can take to put a brake on fast-rising global
temperatures.
To try to curb those emissions, the Environmental Protection Agency is
proposing to charge large energy producers $900 for every ton of methane
emissions that exceed levels set by the federal government, beginning this
year. The fee would increase to $1,200 in 2025 and plateau in 2026 at $1,500
per ton."
Via
Future Crunch:
<
https://futurecrunch.com/good-news-gun-violence-america-cancer-europe-conservation-bolivia/>
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
