Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain levels under a final rule announced Tuesday by the Biden administration. The Environmental Protection Agency rule follows through on a directive from Congress included in the 2022 climate law.

The finalized rule comes as Trump has vowed to walk back a number of Biden climate regulations targeting the oil and gas industry.

EPA just finalized new fees under the 2022 climate law on oil and gas industry emissions of methane, a powerful planet-warming gas. Why it matters: Completing rules before President Biden leaves makes it tougher — though hardly impossible!

The greenhouse gas methane causes a third of Earth's warming. Now U.S. EPA will reduce methane emissions from oil and gas by charging a fee for waste emissions.

The Environmental Protection Agency rule follows through on a directive from Congress included in the 2022 climate law. The new fee is intended to encourage industry to adopt best practices that reduce emissions of methane — the primary component of ...

The Environmental Protection Agency (EPA) issued a final rule Tuesday that implements a charge for oil and gas companies that release too much of the planet-warming gas methane. The fee was passed as part of 2022’s Inflation Reduction Act,