Future of Methane Fee for Oil Companies Uncertain Under Trump

The Environmental Protection Agency has introduced a new rule requiring oil and gas companies to pay fees for excessive methane emissions, as part of President Biden's climate law. However, the future of these fees is uncertain with the incoming Trump administration, which, along with industry groups, is likely to challenge or repeal the regulation. Methane, a potent greenhouse gas, is a significant contributor to climate change, and the fees aim to reduce emissions significantly. Environmental groups support the fees, while industry representatives argue they could lead to higher energy costs.