This sounds quite serious, but I am not sure what exactly the implications are! But, you can be sure it will raise the cost of living for no good reason! And what is next?
The demented and senile 46th President does not know what he is doing! E.g. he prohibited domestic fossil fuel production and imports from Canada, but buys oil from Venezuela! He also has been massively draining the Strategic Oil Reserve (by about 1/3 by now).
Global Warming is a hoax and Climate Change is a religion!
"... The so-called Social Cost of Carbon was first set in 2009 under then-President Barack Obama. Under Democrats it has been set for most of the last decade at $51 per metric ton. But in a rulemaking notice in mid-November [2022], EPA said it had devised a new calculation that raises that damage estimate to $190 per metric ton by 2022 standards and as much as $410 by the year 2080. ...
Republican attorneys general in states like Louisiana that are challenging the Biden administration Social Cost of Carbon rulemaking as unconstitutional. ...
The Trump administration reduced that estimate to $1 to $7 per metric ton, and then Biden's team returned to the $51 figure in 2021. ...
The EPA is the first agency to publicly propose a massive adjustment upwards. It buried the new figure in a 137-page draft supplemental report that was attached this month to new methane emissions rules for the natural gas industry, catching many by surprise."
Republican attorneys general in states like Louisiana that are challenging the Biden administration Social Cost of Carbon rulemaking as unconstitutional. ...
The Trump administration reduced that estimate to $1 to $7 per metric ton, and then Biden's team returned to the $51 figure in 2021. ...
The EPA is the first agency to publicly propose a massive adjustment upwards. It buried the new figure in a 137-page draft supplemental report that was attached this month to new methane emissions rules for the natural gas industry, catching many by surprise."
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