- Economic Freedom: The methane fee was implemented as a way to tax oil and gas companies on excess emissions. However, it’s important to recognize that the shale revolution has been the largest driver of American emissions reductions since 2005. Blocking the methane fee program is a step in the right direction toward fostering both a thriving economy and a cleaner environment.
- Free Economies are Clean Economies: C3 Solutions knows that free economies are clean economies and burdensome regulations like the methane fee drive up prices for consumers and businesses while contributing little environmental benefits.
- Focus on Market-Driven Incentives: Rather than imposing costly fees on methane emissions, the government should focus on market-driven incentives that encourage companies to adopt new technologies for reducing emissions, promoting environmental stewardship over overregulation, and boosting innovation.
President Trump on Friday signed a resolution to block the implementation of a fee on oil and gas companies’ excess methane emissions.
The resolution blocked the Environmental Protection Agency’s 2024 rule that implemented the fee program, which was established in the Democrats’ 2022 climate, tax and health care bill.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
