Trump touts climate savings but new rule set to push up US prices
by Dharna Noor from on (#73K4G)
Critics accuse administration of cooking the books' by claiming US would save $1.3tn from climate finding reversal
The Trump administration claims its latest move to gut climate regulations and end all greenhouse gas standards for vehicles will save Americans money. But its own analysis indicates that the new rule will push up gas prices, and that the benefits of the rollback are unlikely to outweigh the costs.
On Thursday, the president and his environmental secretary, Lee Zeldin, announced the finalized repeal of the endangerment finding, a legal determination which underpins virtually all federal climate regulations. He claimed the rollback would save the US $1.3tn by 2055.
Continue reading...