A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to "Waste Emissions Charge for Petroleum and Natural Gas Systems: Procedures for Facilitating Compliance, Including Netting and Exemptions".
Summary
This joint resolution would nullify an Environmental Protection Agency rule that implements a Methane Emissions Reduction Program. Under the rule, which was published in November 2024, the EPA would collect annual charges from oil and gas companies whose methane and other greenhouse gas emissions exceed specified thresholds. The rule establishes compliance procedures, including options for netting emissions and certain exemptions.
If enacted, this resolution would eliminate the EPA's authority to impose these emissions charges on the oil and gas sector. This could mean that oil and gas companies would no longer face financial penalties for high methane emissions, potentially reducing compliance costs for the industry. However, it would also remove a federal mechanism designed to incentivize reductions in methane emissions, a potent greenhouse gas. The resolution has passed committee review and is eligible for a Senate floor vote, though it would also require House approval and presidential signature to become law.