News & Analysis as of

Inflation Reduction Act (IRA) Natural Gas Petroleum

Foley & Lardner LLP

EPA Finalizes New Greenhouse Gas Reporting Obligations for Petroleum and Natural Gas Systems: More Companies Impacted; More Fees...

Foley & Lardner LLP on

On May 14, 2024, the U.S. Environmental Protection Agency (EPA) published the final Greenhouse Gas Reporting Rule requirements for petroleum and natural gas systems under 40 C.F.R. Part 98, Subpart W in the Federal Register....more

Jones Day

Greenhouse Gas Emission Reporting for Petroleum and Natural Gas Industry Overhauled

Jones Day on

The Situation: The United States Environmental Protection Agency ("EPA") was required to overhaul the greenhouse gas reporting requirements for the petroleum and natural gas industry by the Inflation Reduction Act ("IRA") in...more

Jones Day

Ahead of Methane Emission Fees, EPA Proposes New Reporting Rules for Petroleum and Natural Gas Industry

Jones Day on

The Situation: The Inflation Reduction Act ("IRA") requires the U.S Environmental Protection Agency ("EPA") to finalize new greenhouse gas reporting rules for the petroleum and natural gas industry based on "empirical...more

Akin Gump Strauss Hauer & Feld LLP

The Inflation Reduction Act Applies the Polluter Pays Principal: Carbon Tax Will Accelerate Reduction of Methane Emissions

The Inflation Reduction Act (“IRA”) includes a variety of incentives, including tax credits and grants, for US industries to reduce greenhouse gas (“GHG”) emissions. The IRA also includes a significant “disincentive” for...more

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