The Environmental Protection Agency finalized the fee on methane during the U.N. Climate Change Conference in Baku, Azerbaijan.

The Biden administration is imposing a fee on large energy companies that spew excess methane, a potent greenhouse gas. Republicans may be able to repeal it.

The Biden administration's new rule means oil and gas companies will pay a fee if they exceed certain levels of methane emissions.

U.S. President Joe Biden's administration on Tuesday finalized a methane fee for big oil and gas producers meant to slash emissions of the powerful greenhouse gas, but which is likely to be scrapped by the incoming presidency of Donald Trump.