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.

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.

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.

The Environmental Protection Agency has finalized a major climate rule tackling methane emissions through a controversial fee on oil and gas companies. The final rule was announced on Tuesday amid the United Nations’s annual Climate Change Conference in Baku,

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 rule being made final by the Biden administration

The Biden administration's new rule means oil and gas companies will pay a fee if they exceed certain levels of methane emissions.

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.

The fee was created by the 2022 climate law to raise money and lower pollution from oil and gas operations. It might be rescinded.