On the recordFebruary 26, 2025
Mr. President, on the methane CRA, today, Senate Republicans will advance a measure undoing one of the most important tools we have to lower energy prices and hold Big Oil and Gas accountable. The Republicans, once again, in obeisance to the oil and gas industry, are pushing a resolution to reverse the methane emissions charge, which Democrats passed in the Inflation Reduction Act. It makes big oil companies pay when they leak excessive and harmful levels of methane. Typically, the more methane a company leaks during drilling, the more these companies will have to charge for the methane they do deliver and the more gas prices will go up for families and businesses. The oil companies, they don't believe in what our economists call externalities. They think they can just throw methane into the air and let everyone else pay the price in terms of climate change, in terms of bad health for people, et cetera. What they want to do, our Republicans colleagues, will make gas prices go up for families and businesses. Our law was a reasonable, commonsense, and a carefully tailored safeguard to prevent consumers from footing the bill of Big Oil's methane waste, paired with Federal funding to help big oil companies reduce their waste. Reducing methane waste in the atmosphere saves consumers money. It protects local communities from pollution; and methane, as you know, is a superpotent greenhouse gas.…
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