Washington, DC – Today, Anne Bradbury, CEO of the American Exploration & Production Council, released the following statement on the EPA finalizing the Methane Tax, also known as the Waste Emissions Charge:
“American energy producers’ commitment to methane emissions reductions is unwavering, as upstream industry has cut its methane intensity by over half since 2015 while continuing to supply affordable and reliable energy to the world.i The methane tax is not the right policy to incentivize continued progress on emission reduction, and when combined with other recent rulemakings at EPA, is compounding to penalize all American oil and gas production- which is some of the cleanest and most heavily regulated in the world.
“The tax will lead to less energy security and higher energy prices for American families and businesses.
“While some improvements to the EPA implementing rule were issued, there are still several fundamental concerns on appropriateness and costs. As such, we call on the next administration and the 119th Congress to repeal this punitive tax on American energy.”
Background:
- EPA estimates that compliance with the new rule will cost industry an estimated $2.3 billion over 12 years.
- See AXPC’s call for the repeal of the methane tax in the 2025 Energy Policy Blueprint HERE.
i: https://www.catf.us/resource/benchmarking-methane-other-greenhouse-gas-emissions/