The Biden administration and Democrats are trying to cut potent greenhouse gas methane through a number of means – including executive and legislative action.
The US Environmental Protection Agency is expected to soon announce new regulations on methane, limiting the amount of leaks oil and gas producers can emit into the atmosphere.
Additionally, Biden’s just-released Build Back Better Act framework includes a gradually increasing methane fee levied on oil and gas companies, as well as $775 million of incentives to help the companies comply.
Democratic Rep. Debbie Wasserman-Schutz of Florida said while many oil and gas companies are supportive of the forthcoming federal regulations, they oppose the methane fee.
“Here’s a bewildering example of hypocrisy,” Wasserman-Schultz said. “The Build Back Better Act contains provisions to tackle methane pollution from oil and natural gas production, which API claims to support. Yet API and its front group Energy Citizens have carried out a seven-figure TV and ad campaign to defeat the Build Back Better methane emissions fee.”
Wasserman Schultz asked API CEO Mike Sommers how he reconciled those two positions.
“In fact, the American Petroleum Institute supports the federal regulation of methane for both new and existing sources,” Sommers responded. “We expect the new regulation to come out soon from the Biden administration, and we've been working with them on making sure that that regulation makes sense, and that it's reducing methane emissions over time.”