The bill aims to disapprove the Environmental Protection Agency's rule on Waste Emissions Charge for Petroleum and Natural Gas Systems. If passed, the EPA rule would be invalidated. This bill could impact regulations and compliance procedures for waste emissions charges in the petroleum and natural gas industry, potentially affecting environmental standards and industry operations.
This joint resolution nullifies the Environmental Protection Agency (EPA) rule titled Waste Emissions Charge for Petroleum and Natural Gas Systems: Procedures for Facilitating Compliance, Including Netting and Exemptions and published on November 18, 2024. The rule outlines compliance requirements under the Methane Emissions Reduction Program. Under the program, the EPA collects an annual charge on emissions of methane and other greenhouse gases from the oil and gas sector if the emissions exceed specified waste emissions thresholds.