President Joe Biden is set to implement a new climate tax with just a couple of months left to go in his administration.
The new tax was born out of the Inflation Reduction Act, a sweeping bill that Biden admitted was focused on leftist environmental policy despite its deceptive name.
In that bill was a Waste Emissions Charge provision, which Biden’s Environmental Protection Agency is using to justify a new tax on methane emissions from oil and gas companies.
The fee will start at $900 per metric ton of methane emitted over a specific climate-friendly level.
That fee is set to increase next year to $1,200 per metric ton, and to $1,500 per metric ton in 2026, according to the EPA’s regulation. […]
— Read More: headlineusa.com
