Trump touts climate savings but new rule set to push up US prices
Critics accuse administration of ‘cooking the books’ by claiming US would save $1.3tn from climate finding reversal
Critics accuse administration of ‘cooking the books’ by claiming US would save $1.3tn from climate finding reversal
The move eviscerates the government’s ability to regulate carbon dioxide and other greenhouse gases
Rescinding the 2009 rule will leave Americans to pay a high price — up to nearly $4 trillion by 2055, and a health risk to tens of millions, writes Julia Musto
The Trump administration dismantled a key defense in the U.S. fight against climate change. Experts say that may have far-reaching impacts on people's finances.
The 2009 endangerment finding affirms that carbon dioxide and other greenhouse gases pose a threat to human health and welfare. Its repeal marks one of the most significant deregulatory actions in U.S. history.
The Trump administration says greenhouse gases emitted from sources like cars, trucks and power plants will no longer by regulated by the federal government.
The EPA’s Endangerment Finding, which claimed the right to regulate greenhouse gases, led to a host of federal rules whose estimated costs exceeded $1 trillion.
The endangerment finding gives the EPA authority to regulate greenhouse gases by deeming they pose a risk to public health and welfare.
Environmental groups say ‘cynical and devastating’ reversal of endangerment finding has grave implications