Posted on 02/23/2022 12:17:34 PM PST by Oldeconomybuyer
In the coal fields of eastern Montana, climate change is forcing a stark choice: halt mining that helped build everything from schools to senior centers or risk astronomical future damage as fossil fuel emissions warm the planet and increase disasters, crop losses and premature deaths.
The White House had been preparing to update its climate damage price tag in coming weeks. Many economists expected the figure to increase dramatically and even double. Republicans and business groups argued the emphasis on future climate damages would hobble the economy, particularly the energy industry.
The Obama administration first adopted the social cost of carbon and used it more than 80 times in cost-benefit analyses for government rules, including tightened vehicle emissions standards and regulations aimed at shuttering coal plants.
In seeking to roll back those rules, the Trump administration cut the social cost of carbon to $7 or less per ton. The lower number included only domestic climate impacts and not global damages, making it harder to justify expensive rules for industry.
Biden restored Obama’s $51-ton estimate on an interim basis and signaled an even higher number would be adopted. On Saturday, the administration appealed the Feb. 11 court ruling that blocked use of the social cost of carbon, saying it could affect more than 30 pending rules, delay permits and leasing for federal fossil fuel.
“It’s a little shocking to see all of the impacted actions,” said Romany Webb, a Columbia Law School researcher focused on climate change.
Republican attorneys general led by Louisiana’s Jeff Landry warned of more burdensome rules across daily life if the administration prevails — including for home appliances, vehicles and electricity. They called the use of the carbon cost possibly “the most significant regulatory encroachment upon individual liberty and state sovereignty in American history.”
(Excerpt) Read more at apnews.com ...
Wow. Boilerplate hysterics in the first sentence.
Serious big lie.
Enough to make ur head explode.
The made up climate change booggie man is causing damages...oh my what ever will we do, the wind is blowing so hard today....don’t fret..our fearless government is here to save the planet. All you have to do is give up everything you own.
And by the way, dont look at what China is doing.
I’d go with Door #2.
ap only lies on days that end in y
Oh NO!!
yep, could read, climate change is forcing a stark choice: starve when fertilizers are no longer available or freeze when there is no heat.
Thank God oil prices are going to $200 - it will solve climate change!
“They called the use of the carbon cost possibly “the most significant regulatory encroachment upon individual liberty and state sovereignty in American history.”
And they can’t wait to impose it.
Yep, positively amazing.
Evaluate unknown climate change cost vs loss of fossil fuel energy cost. Russia is assured of big income from gas which will give it the resources to invade more areas in Europe while the US has a huge loss of our European gas market. Biden acts like a Russian agent for Putin. Do we have a traitor living in the White House?
The coal fields of eastern Montana and Wyoming (Powder River) contain a little over 1 TRILLION TONS of coal (roughly one-sixth of that economically recoverable).
It’s being mined at a rate of 1 million tons a day.
At that rate, they could have started mining that trillion tons at the time of Christ and would still have 500 years to go.
At one time, all that carbon was in the atmosphere.
And that’s only one coal deposit.
Biden needs to price the damages he’s inflicted on us before he starts worrying about the weather.
Really? Who writes this hubris crap?
The communist left has been preaching this BS for years and years. Always follow the money trail. This BS is a monetary bonanza for these commie bassturds. They have NO CREDIBILITY....nada...none. They can go pound sand.
Where is the barf alert for this rubbish? God, they are going to destroy the country without firing a shot.
The mantra needs to be simple. Ignore Biden on every issue. He’s been wrong in everything he has ever done. He breaks everything he touches. Do the opposite of what he wants.
The Dems, and the Puppet’s answer to everything is spend, and spend big!
The crazy spending is a plan.
They want to usher in “American Socialism.”
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