The action is one of the Biden administration’s strongest against the fossil fuel industry under provisions of a 2022 climate law
The action is one of the Biden administration’s strongest against the fossil fuel industry under provisions of a 2022 climate law
Pessimistic as I am, the combination will be fees that are cheaper than fixing the problems as well as passing that extra cost on to the consumers. It’s better than nothing, but I usually find that phrase used when a lot more could have been done but wasn’t because it was good enough to quieten some of the noise.
I forgot another possibility - lawyers and lobbyists to neuter any actual teeth the law ends up having.
Also, I have to put out the reminder since the “80x CO2 greenhouse effect” was used - that half life average (still used by many including the IPCC) isn’t all that valid if methane emissions continue to rise. It gets worse as methane breakdown/methane addition ups the total amount at any given time.
The fees, starting at $900/ton and rising to $1500/ton are high enough that it’s a lot cheaper to fix leaks of any size.
Lol you’re forgetting that oil companies will be expected to self-report on excessive methane production.
EPA, the State, and independent certified authorities can do inspections by satellite, plane, tower, and from their vehicles on the road.