Biden’s climate law fines oil companies for methane pollution. The bill is coming due. Recent research suggests the IRA’s methane fee could batter the oil and gas industry to the tune of $1 Billion+
The thing about methane is that it only lasts a few years in the atmosphere before breaking down. This means that its impact is determined by the rate of release, unlike CO2, which accumulates, so that total cumulative emissions are what matter.
Cut the release rate for methane, and we can make a big difference, no matter when we do it.