Senate GOP proposes bill to scrap methane fee

TL/DR –

Senator Ted Cruz is leading an initiative to repeal the Inflation Reduction Act, a program aimed at reducing methane leaks, a potent greenhouse gas contributing to global warming. This comes as Cruz campaigns for re-election in Texas, a major energy-producing state where the gas and oil industry has criticized the fee introduced by the law. Cruz argues that the Biden administration’s policies have increased inflation and threatened American jobs and energy security, with the methane emissions fee in the Act particularly damaging for Texas producers.

Sen. Ted Cruz Opposes Methane Leakage Reduction Program

Sen. Ted Cruz is spearheading a movement to revoke the Inflation Reduction Act, a program aimed at mitigating methane emissions, a potent greenhouse gas contributing to global warming.

The Texas Republican, currently campaigning for re-election in an energy-rich state, opposes the fee associated with the Act. The fee, part of the Democrats’ landmark climate spending law of 2022, is unpopular with oil and gas operators in Texas.

“The Biden administration shows time and again, their radical climate agenda takes precedence over the needs of the American people,” Cruz stated on Tuesday while revealing the “Natural Gas Tax Repeal Act.”

Cruz maintains that the Biden administration’s policies have escalated inflation, endangered American jobs, and threatened energy security. He asserts these issues can only be exacerbated by the methane emissions fee introduced in the Inflation Reduction Act, and particularly detrimental to Texas, undermining producers in the Permian Basin and state-wide.

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