EPA Floats Methane Fee Proposal, Including Key Exemption Parameters

EPA has released long-awaited proposed implementing rules for the Inflation Reduction Act’s (IRA) methane fee, outlining how to calculate payments by oil and gas facilities, when such payments must be made to the Treasury, and when and how officials would grant several exemptions to the fee required by Congress. Notably, the proposed rule signed Jan. 12 indicates that a crucial exemption would not take effect until EPA has approved all states’ compliance plans for the agency’s just-finalized existing source methane...