Posted on 03/17/2025 3:16:23 PM PDT by CFW
America’s natural gas industry celebrated Monday after President Donald Trump signed into law a resolution repealing Biden-era fees on methane emissions.
The Waste Emissions Charge, which Republicans say is the equivalent of a natural gas tax, was authorized by the 2022 Inflation Reduction Act and implemented by the Environmental Protection Agency in November 2024.
The resolution rescinds that regulation under the Congressional Review Act. The CRA legislation gives Congress the authority to repeal regulations issued during the final months of a previous administration.
House Committee on Energy and Commerce Chairman Brett Guthrie, R-Ky., called the repeal “a victory for the American businesses and families who would have been forced to bear the cost of the Biden-Harris Administration’s natural gas tax.”
“It’s time to restore American energy dominance by harnessing innovation and producing the natural gas needed to support our electric grid,” Guthrie added.
Energy experts who testified before Congress in February said the high energy prices during Joe Biden’s presidency directly resulted from increased environmental regulations on energy production. The regulations slowed down domestic energy production and consequently led to increased costs, they said.
(Excerpt) Read more at thecentersquare.com ...
Will natural gas prices go down? Companies passed this tax on to their customers so I assume they will now lower their costs in the same manner.
Yes but it will be slow as those companies milk it for profit. The big corps can be trusted no more than government can.
Thank you Mr. President!!!!
Hell will freeze over first.
Excellent news.
Whew-—just in time.
I had a lot of cabbage for dinner and the emissions are underway.
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