US sets methane fee on oil, gas emitters as Prez Biden term winds down

Quick Summary:

In January, oil and gas trade group the American Petroleum Institute called on Congress to repeal the fee.

After the November elections, in which Republicans are poised to hold control of the Senate, House and presidency, the prospect of a repeal has become more likely.

The world's top oil and gas producer has also made cooperation on methane a centerpiece of its climate engagement with China.

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Category: BusinessFinance

Markets: IndiaAzerbaijanChina

Topics: President United States Prez Methane Joe Biden

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 22:45:48 (18 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 443 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23557157

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Official Website: business-standard.com

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Year Established: 1975

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