,,ii #aag? ,,congress #a/ ,session ,s4 #fde ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #i1 #bjba,mr4 ,:iteh\se 7= himself1 ,mr4 ,book]1 & ,mr4 ,s*atz7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,environm5t & ,public ,works ,a ,,bill ,to require ! ,secret>y ( ! ,treasury to levy a fee on me?ane emissions f oil & natural gas facilities1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,me?ane ,emissions ,r$uction ,act ( #bjba4 #b4 ,f9d+s ,congress f9ds t-- 7#a7 me?ane is a pot5t heat-trapp+ gas t absorbs #bh to #cf times ! quantity ( en]gy t c>bon dioxide absorbs ov] a #ajj-ye> p]iod2 7#b7 increas$ me?ane conc5trations 9 ! atmosph]e are responsible = approximately #be p]c5t ( obs]v$ global w>m+2 7#c7 approximately #a_/c ( global an?ropog5ic me?ane emissions are produc$ by ! production & transmission ( fossil fuels2 7#d7 rec5t e/imates sugge/ t me?ane emissions f oil & natural gas op]ations 9 ! ,unit$ ,/ates are #fj p]c5t high] ?an previ\sly believ$1 repres5t+ #b4c p]c5t ( natural gas production2 7#e7 me?ane emissions f oil & natural gas op]ations 9 ! ,unit$ ,/ates repres5t approximately #b1jjj1jjj1jjj 9 lo/ natural gas t c\ld be us$ to fuel #aj1jjj1jjj homes2 7#f7 e/imates f ! ,int]national ,en]gy ,ag5cy sugge/ t #a_/b ( me?ane emissions f global oil & natural gas supply *a9s may be elim9at$ at z]o net co/2 7#g7 "s oil & natural gas companies h ann\nc$ plans to r$uce me?ane emissions f ! op]ations ( ^? companies to bel[ #j4b p]c5t ( production1 demon/rat+ t significant r$uctions 9 me?ane emissions are te*nically & economically feasible2 & 7#h7 num]\s companies 9 ! ,unit$ ,/ates are develop+ innovative te*nologies to all[ oil & natural gas companies to m co/-effectively detect & r$uce me?ane emissions4 #c4 ,def9itions ,9 ?is ,act3 7#a7 ,bas9 ,! t]m bas9 means a geologic prov9ce 7z def9$ by ! ,am]ican ,association ( ,petroleum ,geologi/s74 7#b7 ,empirically det]m9$ ,! t]m empirically det]m9$ means det]m9$ ?r\gh ! collection ( suffici5t data 9 situ1 includ+ measurem5t on ! gr\nd or by drone1 airplane1 or satellite1 = ! purpose ( accurately e/imat+ ! quantity ( me?ane emissions f a bas94 7#c7 ,me?ane ,! t]m me?ane means a *emical comp\nd ) ! *emical =mula ,,*#d4 7#d7 ,me?ane emission ,! t]m me?ane emission means ! release ( me?ane f ! extraction1 production1 ga!r+1 process+1 compression1 transmission1 or /orage (-- 7,a7 oil2 or 7,b7 natural gas4 7#e7 ,me?ane fee factor ,! t]m me?ane fee factor means ! am\nt calculat$ "u section #d7;b77#b77;,d7 = ! applicable cal5d> ye>4 7#f7 ,natural gas ,! t]m natural gas has ! mean+ giv5 ! t]m 9 section #c ( ! ,deepwat] ,port ,act ( #aigd 7#cc ,u4,s4,c4 #aejb74 7#g7 ,oil ,! t]m oil has ! mean+ giv5 ! t]m 9 section #c ( ! ,deepwat] ,port ,act ( #aigd 7#cc ,u4,s4,c4 #aejb74 7#h7 ,p]c5tage ( volume lo/ to ! atmosph]e ,! t]m p]c5tage ( volume lo/ to ! atmosph]e means1 = any #a company ) respect to any #a bas9-- 7,a7 = companies t use ! fee calculat$ "u section #d7;b77#b77;,b77i71 ! p]c5tage det]m9$ = ! bas9 "u ! program e/abli%$ "u section #d7;a72 & 7,b7 = companies t use ! fee calculat$ "u clause 7iii7 ( section #d7;b77#b77;,c71 ! quoti5t obta9$ by divid+-- 7i7 ! me?ane emissions 9 ! bas9 dur+ ! applicable cal5d> ye>1 z det]m9$ by ! company us+ a protocol validat$ by ! ,secret>y "u clause 7ii7 ( t section2 by 7ii7 ! total quantity ( natural gas produc$1 ga!r$1 process$1 transmitt$1 or releas$ & lo/ to ! atmosph]e by ! company 9 ! bas9 dur+ ! applicable cal5d> ye>1 z det]m9$ by ! company us+ a protocol validat$ by ! ,secret>y "u clause 7ii7 ( t section4 7#i7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ! ,treasury4 #d4 ,fee on me?ane emissions 7a7 ,e/imate ( me?ane emissions ,n lat] ?an ,decemb] #ca1 #bjbb1 ! ,secret>y1 9 consultation ) ! ,adm9i/rator ( ! ,environm5tal ,protection ,ag5cy & ! ,adm9i/rator ( ! ,national ,oceanic & ,atmosph]ic ,adm9i/ration1 %all e/abli% & implem5t a program to e/imate1 bas$ on empirically det]m9$1 pe]-review$ me?ane emission rates1 annual me?ane emissions1 & me?ane emission rates 7express$ 9 p]c5tage ( natural gas production71 f ea* oil & natural gas produc+ bas94 7b7 ,fee 7#a7 ,9 g5]al ,= cal5d> ye> #bjbc & ea* cal5d> ye> !reaft]1 ! ,secret>y %all levy a fee on me?ane emissions on ea* company t produces1 ga!rs1 processes1 or transmits oil or natural gas4 7#b7 ,am\nt 7,a7 ,9 g5]al ,! fee "u p>agraph 7#a7 %all be calculat$ 9 accordance ) subp>agraph 7,b7 or 7,c71 z applicable4 7,b7 ,proportional fee calculation 7i7 ,9 g5]al ,subject to subp>agraph 7,c71 ! fee "u p>agraph 7#a7 = a bas9 9 :i* a company produces1 ga!rs1 processes1 or transmits oil or natural gas = a cal5d> ye> %all be ! sum obta9$ by add+-- 7,i7 ! product obta9$ by multiply+-- 7aa7 ! diff]5ce betwe5-- 7,,aa7 ! p]c5tage ( volume lo/ to ! atmosph]e 9 ! bas9 dur+ ! cal5d> ye>2 & 7,,bb7 #j4b p]c5t2 7bb7 ! total quantity ( natural gas produc$ or releas$ & lo/ to ! atmosph]e dur+ oil or natural gas production by ! company 9 ! bas9 dur+ ! cal5d> ye>2 & 7cc7 ! me?ane fee factor = ! applicable cal5d> ye>2 & 7,,ii7 ! product obta9$ by multiply+-- 7aa7 ! diff]5ce betwe5-- 7,,aa7 ! p]c5tage ( volume lo/ to ! atmosph]e 9 ! bas9 dur+ ! cal5d> ye>2 & 7,,bb7 #j4a p]c5t2 7bb7 ! total quantity ( natural gas ga!r$1 process$1 or transmitt$ by ! company 9 ! bas9 dur+ ! cal5d> ye>2 & 7cc7 ! me?ane fee factor = ! applicable cal5d> ye>4 7ii7 ,requirem5t ,! fee calculat$ "u clause 7i7 = a company %all be det]m9$ on a bas9-by-bas9 basis = ea* bas9 9 :i* ! company produces1 ga!rs1 processes1 or transmits oil or natural gas4 7,c7 ,alt]native fee calculation 7i7 ,opt out ,a company may opt out ( ! fee calculat$ "u subp>agraph 7,b7 if-- 7,i7 ! company submits to ! ,secret>y a pe]-review$ protocol = empirically det]m9+1 on a bas9-by-bas9 basis = all bas9s1 ! total am\nt ( me?ane emissions t result f oil & natural gas facilities-- 7aa7 t ! company op]ates2 or 7bb7 9 :i* ! company has an own]%ip int]e/2 & 7,,ii7 ! ,secret>y validates ! protocol 9 accordance ) clause 7ii74 7ii7 ,validation 7,i7 ,9 g5]al ,! ,secret>y may validate a protocol submitt$ "u clause 7i77,i7 if-- 7aa7 ! ,secret>y det]m9es t ! protocol is an accurate & compreh5sive empirical me?od = calculat+ ! me?ane emissions ( ! company submitt+ ! protocol2 7bb7 ! protocol-- 7,,aa7 is pe]-review$ by indep5d5t sci5ti/s2 7,,bb7 is available to ! public 9 its entirety2 & 7,,cc7 requires ! regul> collection ( data2 7cc7 all und]ly+ data collect$ "u ! protocol are available to ! public2 & 7dd7 ! ,secret>y det]m9es t-- 7,,aa7 to ! maximum ext5t practicable1 ! company has in/all$ /ate-(-!-art te*nologies to detect & elim9ate me?ane leaks f all oil & natural gas facilities ! company owns or op]ates2 & 7,,bb7 subject to subclause 7,,iii71 ! company has prohibit$ ! v5t+ & fl>+ ( me?ane1 except 9 em]g5cy circum/ances4 7,,ii7 ,timel9e ,a protocol describ$ 9 clause 7i77,i7 %all be submitt$ to ! ,secret>y = validation "u subclause 7,i7 n lat] ?an ,june #cj ( ! cal5d> ye> be=e ! cal5d> ye> = :i* ! company is seek+ to opt out ( ! fee calculat$ "u subp>agraph 7,b74 7,,iii7 ,em]g5cy circum/ances ,an em]g5cy circum/ance = :i* ! v5t+ or fl>+ ( me?ane is au?oriz$ "u subclause 7,i77dd77,,bb7 does n include-- 7aa7 v5t+ or fl>+ ( me?ane f oil wells because ! company has fail$ to develop ! infra/ructure necess>y to capture1 process1 & transmit me?ane associat$ ) oil production2 or 7bb7 any claim ( economic necessity4 7iii7 ,calculation ,= a company t has opt$ out ( ! fee calculat$ "u subp>agraph 7,b7 9 accordance ) clause 7i71 ! fee "u p>agraph 7#a7 = a bas9 9 :i* ! company produces1 ga!rs1 processes1 or transmits oil or natural gas = a cal5d> ye> %all be ! sum obta9$ by add+-- 7,i7 ! product obta9$ by multiply+-- 7aa7 ! diff]5ce betwe5-- 7,,aa7 ! p]c5tage ( volume lo/ to ! atmosph]e 9 ! bas9 dur+ ! cal5d> ye>2 & 7,,bb7 #j4b p]c5t2 7bb7 ! total quantity ( natural gas produc$ or releas$ & lo/ to ! atmosph]e dur+ oil or natural gas production by ! company 9 ! bas9 dur+ ! cal5d> ye>2 & 7cc7 ! me?ane fee factor = ! applicable cal5d> ye>2 & 7,,ii7 ! product obta9$ by multiply+-- 7aa7 ! diff]5ce betwe5-- 7,,aa7 ! p]c5tage ( volume lo/ to ! atmosph]e 9 ! bas9 dur+ ! cal5d> ye>2 & 7,,bb7 #j4a p]c5t2 7bb7 ! total quantity ( natural gas ga!r$1 process$1 or transmitt$ by ! company 9 ! bas9 dur+ ! cal5d> ye>2 & 7cc7 ! me?ane fee factor = ! applicable cal5d> ye>4 7iv7 ,requirem5t ,! fee calculat$ "u clause 7iii7 = a company t opt$ out ( a fee calculat$ "u subp>agraph 7,b7 %all be det]m9$ on a bas9-by-bas9 basis = ea* bas9 9 :i* ! company produces1 ga!rs1 processes1 or transmits oil or natural gas4 7,d7 ,me?ane fee factor 7i7 ,initial co/ ,= cal5d> ye> #bjbc1 ! me?ane fee factor %all be #a1hjj p] ton4 7ii7 ,annual adju/m5t ,= ea* cal5d> ye> aft] #bjbc1 ! me?ane fee factor %all be adju/$ to an am\nt t is equal to ! product obta9$ by multiply+-- 7,i7 ! me?ane fee factor = ! prec$+ cal5d> ye>2 & 7,,ii7 ! p]c5tage obta9$ by add+-- 7aa7 #ajb p]c5t2 & 7bb7 ! p]c5tage by :i* ! ,consum] ,price ,index = ! cal5d> ye> exce$s ! ,consum] ,price ,index = ! prec$+ cal5d> ye>4 7#c7 ,tim+ ,n lat] ?an ,july #a ( ea* ye>1 ! ,secret>y %all calculate & levy ! fee "u p>agraph 7#a7 = ! prec$+ cal5d> ye>4 7#d7 ,national ,coa/al ,resili5ce ,fund ,not)/&+ section #aj7;b77#b7 ( ! ,national ,fi% & ,wildlife ,f\ndation ,e/abli%m5t ,act 7#af ,u4,s4,c4 #cgji7;b77#b771 ! ,secret>y %all1 on an annual basis1 transf] an am\nt equal to ! am\nts collect$ "u ! fee "u p>agraph 7#a7 to ! ,national ,fi% & ,wildlife ,f\ndation to provide grants ?r\gh ! ,national ,coa/al ,resili5ce ,fund ( ! ,national ,fi% & ,wildlife ,f\ndation 7or a successor program74 #e4 ,sav+s ,no?+ 9 ?is ,act-- 7#a7 affects ! ability to regulate me?ane emissions "u any o!r provision ( law2 or 7#b7 preempts a ,/ate f regulat+ or assess+ a fee on me?ane emissions f oil & gas facilities4