Last year after the shocking news that U.S. Senator Joe Manchin (from West Virginia) had sold out his state and the entire country by agreeing to support the misnamed Inflation Reduction Act (IRA) bill, the details began to come out about just how bad this law really is for the oil and gas industry. First and foremost, it empowers the federal EPA to slap a new methane tax on oil and gas activities (see Joe Manchin’s Green New Deal Cave Slaps O&G with Big Methane Tax). The EPA, which is not a taxing authority, is now attempting to implement the onerous new tax. To put it mildly, the EPA’s efforts are a hot mess. Please Login to view this content. (Not a member? Join Today!)
The post EPA’s New Methane Tax (from Manchin’s IRA Law) is a Hot Mess first appeared on Marcellus Drilling News. This post appeared first on Marcellus Drilling News.