The Environmental Protection Agency (EPA) issued a final rule Tuesday that implements a charge for oil and gas companies that release too much of the planet-warming gas methane. The fee was passed as part of 2022’s Inflation Reduction Act,

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.

EPA just finalized new fees under the 2022 climate law on oil and gas industry emissions of methane, a powerful planet-warming gas. Why it matters: Completing rules before President Biden leaves makes it tougher — though hardly impossible!