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Articles by Poe Leggette
Overview of the Inflation Reduction Act's Methane Tax
Part I of this three-part methane update discussed the state of substantive methane regulation in the United States and touched on the Inflation Reduction Act’s (“IRA” or “the Act”) addition of Section 136 to the Clean Air Act. This Part II covers Section 136’s first-ever federal “charge on methane emissions[.]” Part III will cover currently proposed changes to the substantive regulation of methane emissions. Read the alert.
Overview of the Inflation Reduction Act's Methane Tax
Key Takeaways Section 60113 of the Inflation Reduction Act adds Section 136 to the Clean Air Act, imposing a first-ever direct “charge” on methane emissions. The charge is based on an unworkable comparison between the weight of methane emitted and the volume of the natural gas stream sent to sale. In light of West Virginia v. Env’t Prot. Agency, 142 S. Ct. 2587 (2022), EPA likely lacks the authority to cure the statute’s unworkability through substantive rulemaking.
Saving Humanity with Trees and Natural Gas
Last year, in the name of climate change, the federal government and some state governments did much to impede American natural gas production. They blocked pipelines, delayed exports, canceled lease sales and slowed permits. Yet global emissions of carbon dioxide reached an all-time high of 36.3 gigatonnes (Gt). The world is showing no stomach for dramatic reductions in the use of natural gas. Rising prices prove it. The problem is population.
Inflation Reduction Act Provides Boost and Benefits to Carbon Capture Utilization and Storage Industry
The newly passed Inflation Reduction Act of 2022 (IRA) is poised to transform the carbon capture utilization and storage (CCUS) industry through significant tax credits and benefits, including through enhancements to Section 45Q of the Internal Revenue Code.
Consider Benefits Of Carbon Emissions Alongside Costs
Law360 (April 8, 2021, 3:58 PM EDT) -- On Feb. 26, the Biden administration announced that, for at least the rest of the year, federal agencies will conduct regulatory and environmental analyses assuming that the global social cost of emitting carbon dioxide is $51 per ton. Known as the social cost of carbon, this figure will be used primarily in calculating the impact of agriculture and fossil fuels. The announcement creates the climate policy conundrum of 2021.
Independent Oil and Gas Producers Defeat Attempt to Revive Obama-Era Hydraulic Fracturing Regulations | JD Supra
Updated: May 25, 2018: JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.
Fighting climate change should not come at expense of fighting viruses [Opinion]
Some Democratic presidential candidates are vowing to end America’s reliance on oil and natural gas. Think tanks call it “deep decarbonization.” Activists call it “keeping it in the ground.” What if keeping it in the ground means putting people in the ground — prematurely? Overlooked in the climate debate is that oil and natural gas have provided the foundation on which global population has tripled since 1950.
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