#1 out of 499.84%
politics1h ago
Trump touts climate savings but new rule set to push up US prices
- The Trump administration finalized the repeal of the endangerment finding, gutting key vehicle greenhouse gas standards.
- EPA analysis shows higher costs from the rollback, including more fuel purchases and maintenance through 2055.
- Overall, the repeal is projected to impose up to $1.5 trillion in costs, outweighing the $1.3 trillion in supposed savings.
- Critics say the analysis fails to account for social and climate costs of deregulation.
- Environmental groups warn the rollback would raise greenhouse gas emissions by up to 10% by 2055.
- The administration argues the move follows the law and reduces regulatory overreach.
- Some scenarios in the analysis imagine lower fuel prices, but experts dispute their realism.
- The analysis projects a 29% rise in gas prices by 2050 if regulations are repealed.
- Advocacy groups warn the policy could cause broader climate and health costs that exceed any savings.
- The report frames critics as arguing the administration prioritizes industry over everyday people.
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