Over the weekend, Trump nominated Chris Wright, an outspoken fossil-fuel champion, as energy secretary, further cementing the new administration's pro-drilling stance. It isn't exactly music to the ears of the biggest oil producers, though.
Take methane emissions regulation, which the Trump administration might roll back. Industry lobbying groups such as the American Petroleum Institute and the American Exploration and Production Council oppose the methane fee that was part of the Inflation Reduction Act. The fee starts at $900 per metric ton of methane emissions from operations—such as from wells and pipelines—that exceed a specified level this year, and steps up gradually to $1,500 in 2026 and beyond. Interestingly, Exxon Mobil has expressed support for the methane fee, and TotalEnergies' chief executive has warned that rolling back methane regulations would ruin the industry's reputation.
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RBI cautions about Das deepfake video
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Blue Tokai eyes high growth before IPO
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Amazon expands exporter scheme
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NTPC Green IPO subscribed 33%
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Google's Anthropic deal cleared in UK
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'Big Billion Days' boost for Walmart
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NCR records threefold jump in patients with breathing issues
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Paytm enables UPI payments abroad
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Core biz to grow at 30% a year: Zomato
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Adani Infra to buy 30% in PSP Projects
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