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The U.S. EPA plans to introduce new methane emissions fees for oil and gas companies to encourage clean energy and reduce greenhouse gases, aligning with the Biden administration s climate goals.
As the world grapples with the existential crisis of climate change, environmental activists want President Joe Biden to phase out the oil industry, and Republicans argue he’s already doing that. Meanwhile, the surprising reality is the United States is pumping oil at a blistering pace and is on track to produce more oil than any country has in history.