Search Results: keywords:"petroleum and natural gas"

  • H. R. 8962 — To amend the Internal Revenue Code of 1986 to establish a methane border adjustment mechanism.
    Status:Introduced in House
    Words:1,707

    H.R. 8962 seeks to amend the Internal Revenue Code of 1986 by establishing a methane border adjustment mechanism. This mechanism would impose a tax on imported methane-producing substances like petroleum and natural gas, based on the methane emissions from the country where they were...

    Simple Explanation

    H.R. 8962 is a plan to make countries pay more money when they sell oil and gas to the U.S. if they let a lot of methane, which is a type of gas that makes the Earth warmer, escape where it's made. This is like telling countries to clean up their mess better before selling it, so the whole world can work together to pollute less.

  • S. 5630 — To amend the Clean Air Act to modify the Methane Emissions Reduction Program, and for other purposes.
    Status:Introduced in Senate
    Words:2,152

    The Methane Emissions Reduction Program Clarifications Act of 2024 aims to modify the Clean Air Act by refining the requirements related to the Methane Emissions Reduction Program. It exempts small facilities that produce below a certain threshold of emissions and have a...

    Simple Explanation

    The bill is like a new rulebook that says small places making little bad air called "methane" don't have to follow as many rules as big places, but everyone gets a chance to say what they think before new rules start, and the grown-ups need to explain everything really clearly.