API Statement on Final Methane Fee Rule

WASHINGTON, November 12, 2024 — The American Petroleum Institute (API) released the following statement today from API Senior Vice President of Policy, Economics and Regulatory Affairs Dustin Meyer in response to the U.S. Environmental Protection Agency's (EPA) final rule to establish a fee on methane emissions as required by the Methane Emissions Reduction Program in the Inflation Reduction Act (IRA):

“API supports smart, effective methane regulations, yet this rule hampers our ability to meet the growing energy needs of American families and businesses and fails to advance meaningful emissions reduction. This is the wrong approach on methane policymaking, and we look forward to working with the incoming administration and new Congress to get this right.”  

The U.S. is leading the world on energy production and emissions reductions, and thanks to industry action, methane emissions have fallen by 37% between 2015 and 2022. Industry-led initiatives like The Environmental Partnership, whose members make up nearly 70% of the U.S. onshore natural gas and oil industry, are helping to accelerate progress on methane emissions reductions by driving collaboration and sharing best practices across the industry. 

API represents all segments of America’s natural gas and oil industry, which supports nearly 11 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Our approximately 600 members produce, process and distribute the majority of the nation’s energy, and participate in API Energy Excellence®, which is accelerating environmental and safety progress by fostering new technologies and transparent reporting. API was formed in 1919 as a standards-setting organization and has developed more than 800 standards to enhance operational and environmental safety, efficiency and sustainability.

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