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.
Probably smarter to not built new LNG export terminals and therefore not expand the pipeline network in the US.
Those are also worthwhile. But so is limiting methane emissions during the long slow decomissioning.
This is cool and all but I’m pretty sure oil isn’t even the main producer of methane. We need to stop eating cows.
