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 a specific Environmental Protection Agency (EPA) rule that establishes the procedures for collecting a "Waste Emissions Charge" on methane from large oil and gas facilities. The underlying charge, created by the Inflation Reduction Act, applies to facilities that exceed certain methane emission thresholds, with fees starting at $900 per metric ton and rising to $1,500 by 2026.
If passed, this resolution would prevent the EPA from implementing the specific technical regulations used to calculate these charges, manage exemptions, and allow companies to "net" emissions across different facilities. For citizens, the bill represents a move to block a federal financial disincentive aimed at reducing methane leaks, which supporters of the rule argue helps lower greenhouse gas emissions and opponents argue increases operational costs for the energy sector.