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The Inflation Reduction Act of 2022 adds section 136, Methane Emissions and Waste Reduction Incentive Program” to Title I of the Clean Air Act. This action would implement provisions of Clean Air Act section 136 that require the EPA to collect an annual Waste Emissions Charge (WEC) on methane emissions from oil and natural gas facilities that exceed specific levels of emissions and methane intensity specified in the IRA. The action would establish methodologies for calculating the amount by which a facility’s reported methane emissions are below or in exceedance of the waste emissions threshold, and the total WEC owed after accounting for netting of emissions from facilities under common ownership or control. It would also implement the three exemptions created by Congress for unreasonable delay of permitting, regulatory compliance, and plugged wells. This action would also establish reporting requirements for the WEC.