U.S. Senator Katie Britt is striking back with a group of her fellow Republican colleagues to eliminate the Biden administration’s controversial natural gas tax put in place by the Inflation Reduction Act. The new tax is being levied by the EPA against various American energy companies who are deemed to have violated the newly established methane emissions limits.
Estimates currently indicate that the tax alone will raise the cost of household energy bills for 180 million Americans and 5.5 million businesses.
This week, Britt lambasted the Biden administration for its hostile policies towards domestically produced energy and said that it’s push towards green initiatives has hurt the overall well being of the nation.
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“As this Administration wages its war on American energy, I will continue to work alongside my colleagues to ensure our domestic energy producers aren’t strangled by President Biden’s red tape regime,” Britt (R-Montgomery) said. “For the past three years, this Administration has been intent on prioritizing its irresponsible, partisan Green New Deal Agenda, ultimately weakening our national and economic security.”
“It’s past time to unleash not just U.S. energy independence, but energy dominance.”
The methane emissions tax under the IRA starts in calendar year 2024 at $900/ton of methane, increases to $1,200/ton in 2025, and increases to $1,500/ton in 2026 and subsequent years. The fee on methane emissions will impact pipeline operators and both oil and gas producers.
Austen Shipley is a staff writer for Yellowhammer News. You can follow him on X @ShipleyAusten
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