![COP28 UNFCCC Climate Conference: Day 7](https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1834964354/image_1834964354.jpg?io=getty-c-w750)
![COP28 UNFCCC Climate Conference: Day 7](https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1834964354/image_1834964354.jpg?io=getty-c-w750)
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John Kerry plans to step down this spring after three years as President Biden's climate envoy, according to multiple reports.
The 80-year-old former US secretary of state, Massachusetts senator and Democratic presidential candidate reportedly plans to help. Biden re-election campaign.
The decision comes a month after Kerry played a key role in negotiating an international agreement announced in Dubai to help countries transition the world away from fossil fuels.
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Separately, the Biden administration issued the following statement on Friday: suggestion To determine what penalties to impose on oil and gas companies for methane emissions.
The fee, which will start at $900 per tonne in 2024 and rise to $1,500 per tonne by 2026, was approved by Congress as part of the Inflation Control Act of 2022 and establishes a mechanism to impose it. It was entrusted to the agency. Penalties.
This fee applies to large oil and gas facilities that report methane emissions of more than 25,000 tons of carbon dioxide equivalent per year.