Methane Reduction and Economic Growth Act

Key Points

• This bill creates a new tax credit for mining companies that catch methane gas before it leaks into the air. Instead of letting the gas escape from active or abandoned mines, companies would be paid to trap it and use it for power.
• It helps mining communities by turning a waste product into a source of income. Companies can get the credit if they put the captured gas into pipelines or use it to heat buildings and run industrial equipment.
• Methane is a powerful gas that traps heat in the atmosphere. By encouraging companies to catch it, the bill aims to reduce pollution while also creating new jobs in energy production and technology.
• To get the tax break, a mine must catch at least 2,500 tons of gas each year. The program would apply to gas caught starting in 2025, and companies have until 2036 to start building the equipment needed to trap the gas.

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