Trump repeals federal methane tax before implementation

President Donald Trump has signed a law repealing a federal tax on methane pollution, which was set to take effect this year. This tax was part of the Biden administration's efforts to reduce greenhouse gas emissions. The repeal follows a party-line vote by Republicans in Congress and halts the Environmental Protection Agency's plan to charge oil and gas companies for excess methane emissions. The tax would have targeted a significant portion of U.S. methane emissions. While the repeal affects only the tax rule, the underlying provision in the Inflation Reduction Act remains. Future administrations could potentially reinstate similar measures, but Republicans plan to target more climate policies in the coming months.