The Biden administration is imposing a fee on large energy companies that spew excess methane, a potent greenhouse gas. Republicans may be able to repeal it.

U.S. President Joe Biden's administration on Tuesday finalized a methane fee for big oil and gas producers meant to slash emissions of the powerful greenhouse gas, but which is likely to be scrapped by the incoming presidency of Donald Trump.

Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain levels under a final rule announced Tuesday by the Biden administration. The Environmental Protection Agency rule follows through on a directive from Congress included in the 2022 climate law.

For the first time, oil and natural gas companies will have to pay a federal fee if their toxic methane emissions rise above specific levels, according to a final rule announced Tuesday by the U.S.

The finalized rule comes as Trump has vowed to walk back a number of Biden climate regulations targeting the oil and gas industry.

The Environmental Protection Agency (EPA) issued a final rule Tuesday that implements a charge for oil and gas companies that release too much of the planet-warming gas methane. The fee was passed as part of 2022’s Inflation Reduction Act,

The EPA on Tuesday announced a final rule to charge oil and gas companies for emissions, but opponents say it could face obstacles under the incoming GOP administration.

The U.S. oil and gas industry on Tuesday called on President-elect Donald Trump to scrap many of President Joe Biden's policies aimed at fighting climate change, saying the measures threaten jobs, consumer choice and energy security.

Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain levels.