Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Politics

Energy expert weighs in on 23 state attorneys general suing EPA over new methane emissions fee

by admin January 18, 2025
January 18, 2025
Energy expert weighs in on 23 state attorneys general suing EPA over new methane emissions fee

Texas Attorney General Ken Paxton is leading 22 other attorneys general in suing the Environmental Protection Agency (EPA) over a new rule that would fine the oil and natural gas sector for methane emissions that exceed a certain level. 

The GOP states are alleging the new rule, which was established in President Biden’s Inflation Reduction Act, is ‘arbitrary, capricious, [and] an abuse of discretion.’ The complaint against the EPA is scant on details, other than asserting the new rule is ‘unlawful’ because ‘the final rule exceeds the agency’s statutory authority.’ 

While the Supreme Court has articulated a very narrow authority on how Congress can delegate its legislative power, Steve Milloy, former Trump administration EPA transition adviser and senior fellow at the Energy and Environmental Legal Institute, said it is unclear to him how the EPA’s rule circumvents Congress. 

‘The IRA clearly says EPA is to levy a tax and prescribes the tax rate,’ Milloy told Fox News Digital, pointing to the section of the IRA’s ‘Waste Emissions Charge’ that sets a threshold for methane emissions at 25,000 metric tons. ‘I will be interested to see how the states support their claims.’ 

Nonetheless, Milloy is against the new fee on the oil and gas sector, noting methane is an ‘irrelevant greenhouse gas.’

‘The tax is pointless and will accomplish nothing except to make oil and natural gas more expensive,’ he said.

Milloy suggested the move to sue in the final days of the Biden administration is to start the process for the plaintiffs to settle with the Trump administration. According to him, this is a tactic that has been used by both sides of the green energy debate. He added that in the past, the Trump administration has sought to get rid of ‘sue and settle’ tactics.

‘Congress needs to change the law,’ Milloy said. ‘Because, let’s say that they sue and settle, well, the next administration can come back and undo it.’

Meanwhile, another forthcoming lawsuit from the Michigan Oil and Gas Association (MOGA) and the American Free Enterprise Chamber of Commerce (AMFree) has also asserted that the new rule circumvents Congress, but provided details explaining why.

‘Under Subpart W, facilities in the natural gas and petroleum supply chains must report greenhouse gas emissions if they emit 25,000 metric tons or more of carbon-dioxide-equivalent emissions each year,’ the second lawsuit explains. ‘For gases other than carbon dioxide, ‘equivalent’ emissions are determined by multiplying emissions by the gas’s ‘global warming potential’ (‘GWP’).’ 

Michael Buschbacher, a partner at Boyden Gray PLLC, which is representing MOGA and AmFree in their lawsuit, agreed with Milloy that it will take legislation to reverse the new methane rule, but said the purpose of their legal filings is ‘to get the most onerous mandates off the books, so the American energy industry can begin its march back to dominance under the new administration.’

‘The Biden-era environmental regulations aren’t going to magically vanish at 12:01 on Monday. It’s going to take time and legislation to unwind the mess that he has left behind,’ Buschbacher said.

The EPA declined to comment on the matter, citing the pending nature of the litigation.

Related Topics

  • Environmental Regulation
  • Politics
  • Trump Transition
  • Climate
This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Sam Altman’s OpenAI backing initiative headed by several anti-Trump staff pushing liberal causes
next post
Treasury Department recoups $31 million in improper government payments to dead people

Related Posts

Kamala Harris plans to skip historic Al Smith...

September 22, 2024

Speaker Johnson surprised by Musk’s criticism of ‘big,...

June 5, 2025

How the US used AI to take on...

August 4, 2024

AG Pam Bondi says FBI delivered ‘truckload’ of...

March 4, 2025

Biden’s vax-focused COVID-19 website obliterated by White House,...

April 19, 2025

Greenland’s opposition party pushes closer US ties, independence...

March 11, 2025

Kevin McCarthy’s ghost is haunting House GOPs’ next...

May 27, 2024

6 top winners and losers who emerged in...

January 1, 2025

Trump downplays Canada’s liberal lean from Oval Office,...

March 22, 2025

Trump diplomats to Turkey, UK confirmed as Houston...

April 30, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Offense vs. Defense: How Geopolitical Tensions Shape Market Trends

      June 25, 2025
    • How to Use Fibonacci Retracements to Spot Key Levels

      June 25, 2025
    • Shifting Tides in the Stock Market: A New Era for Bulls?

      June 25, 2025
    • Experts gauge success of ‘bunker buster’ bombs dropped by US on Iran nuclear sites

      June 25, 2025
    • ‘I’m just a silly girl’: AOC fires back after Trump calls her ‘stupid’

      June 25, 2025

    Categories

    • Business (995)
    • Investing (2,462)
    • Politics (3,057)
    • Stocks (1,094)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 sportinvestorsleague.com | All Rights Reserved