Oil and gas companies can currently be charged a fee by the Environmental Protection Agency (the federal agency that enforces environmental rules) if their facilities release more methane and other greenhouse gases than allowed limits — methane being a gas that traps heat in the atmosphere and contributes to climate change. This bill would cancel a specific EPA rule that laid out how that fee would work and how companies could reduce or avoid it through exemptions and "netting" (offsetting emissions from one part of their operations against another). If this bill passes, oil and gas facilities would no longer face that particular emissions charge or be subject to the compliance process the rule had set up.