Democrats are likely to drop U.S. methane fees amid opposition, sources told Reuters

Reuters. File photo: Viewed June 3, 2016 from Long’s Peak Boulder, Colorado in Rocky Mountain National Park. REUTERS / Rick Wilking

By Jarrett Rensch

(Reuters) – A Democratic proposal to impose methane fees on U.S. oil and gas producers is unlikely to be included in the party’s huge spending bill in Congress amid opposition within its own position, two sources familiar with the talks said Monday.

The proposal to tax oil and gas producers for methane emissions above a certain threshold has been opposed by U.S. Senator Joe Manchin, who represents West Virginia, a natural gas producer, with oil-producing Texas Democrats, sources said.

This fitty, backed by the White House, is part of a larger effort by Democratic President Joe Biden to curb methane greenhouse gas, considered the biggest cause of climate change after carbon dioxide.

Biden hopes to finalize the structure of a comprehensive spending package that will expand the country’s social security net and try to tackle climate change before Thursday in Scotland The United Nations Climate Change Conference has reached an expectation-expense deal before g20-2021-10-25.

The U.S. Environmental Protection Agency is expected to announce new rules this week to reduce methane emissions. The United States recently announced a global methane commitment with the European Union to reduce methane emissions by 30% by 2030.

Under a plan approved by the House of Representatives Energy and Commerce Committee in September, oil and producers will have to pay $ 1,500 for each metric ton of methane emitted above a certain intensity threshold.

Democrats hold a narrow majority in the House and Senate.

Republican critics say the fee would increase costs related to home heating and car fuel, while Democrats argued that it would reduce greenhouse gas emissions, which contribute to global warming.

The American Petroleum Institute industry group lobbied for the killing of Methane Fike, which was discussed in Congress, which it called fake and punitive. The group said it strongly supports EPA’s efforts to control methane from existing oil and gas operations.

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