Trump Revokes First U.S. Greenhouse Gas Tax Before Implementation

Speedy Summary

• Republicans in the U.S. repealed a Biden-era rule imposing a federal methane fee.
• Methane, a potent greenhouse gas, significantly contributes to global warming.
• The now-repealed rule aimed to tax methane emissions over 25,000 tons annually.
• Large oil companies like Shell and BP supported the initiative; however, other industry parts and Republicans opposed it.
• America leads globally in natural gas exports and has hit record high production levels recently.

Indian Opinion Analysis

The repeal of the methane fee by U.S. Republicans highlights ongoing tensions in climate policy that may impact international efforts against global warming. For India, which is similarly navigating its energy needs with climate commitments, this decision underscores the complex balance between economic interests and environmental responsibilities. India’s own enterprising renewable energy targets coudl inspire global collaboration even amidst differing national policies. As major economies shape their climate strategies, it presents both challenges and opportunities for India to assert leadership on enduring growth.

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!natural gas is flared during an oil drilling operation in the permian Basin in Andrews, Texas, in 2022. Joe Raedle / Getty Images