01-13-2024, 02:19 PM
The Donkey's have never met a TAX they didn't like............
Biden admin issues new natural gas tax in latest fossil fuel crackdown
Fossil fuel industry group says proposal amounts to 'punitive tax increase'
The Biden administration unveiled a new regulatory proposal Friday that would introduce a new tax on the fossil fuel industry, punishing producers that exceed a certain level of methane emissions.
The Environmental Protection Agency (EPA), which spearheaded the proposal, said it will help "tackle wasteful methane emissions" from the oil and gas sector, encouraging facilities with the highest emissions levels to meet or exceed higher levels of performance. The proposed rules would create the so-called Waste Emissions Charge, which begins at $900 per metric ton of wasteful emissions in 2024, and increases to $1,200 for 2025 and $1,500 for 2026 and beyond.
https://www.foxnews.com/politics/biden-a...-crackdown
Biden admin issues new natural gas tax in latest fossil fuel crackdown
Fossil fuel industry group says proposal amounts to 'punitive tax increase'
The Biden administration unveiled a new regulatory proposal Friday that would introduce a new tax on the fossil fuel industry, punishing producers that exceed a certain level of methane emissions.
The Environmental Protection Agency (EPA), which spearheaded the proposal, said it will help "tackle wasteful methane emissions" from the oil and gas sector, encouraging facilities with the highest emissions levels to meet or exceed higher levels of performance. The proposed rules would create the so-called Waste Emissions Charge, which begins at $900 per metric ton of wasteful emissions in 2024, and increases to $1,200 for 2025 and $1,500 for 2026 and beyond.
https://www.foxnews.com/politics/biden-a...-crackdown