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EPA quietly quadruples regulatory cost of carbon emissions in new war on fossil fuels
Social Cost of Carbon estimate jumps from $51 to $190 per metric ton, creating future impact for Americans' wallets and a new headache for the oil and gas industries.With the price of everything from gasoline to food soaring in America, nobody is surprised by inflated price tags these days. But even by Washington standards, an action taken earlier this month by the Environmental Protection Agency is creating sticker shock: a nearly fourfold increase in the government calculation of damages from carbon emissions.
One of the key litigators told Just the News that if the Social Coat of Carbon rule stands it one day will affect the prices consumers pay on products from the dinner table to the heating furnace.
the massive increases in the estimates show the Social Cost of Carbon rule is "detached from reality" and EPA's provision of three very different scenarios illustrates how "malleable the calculations are to help them balance out the high cost of their own rulemaking."
Muiller agreed, saying Louisiana believes the Social Cost of Carbon figures are just a "made up number" and the latest in a line of Democrat-backed regulatory actions designed to price fossil fuels out of the marketplace.
Cha-ching! EPA quietly quadruples regulatory cost of carbon emissions in new war on fossil fuels
Social Cost of Carbon estimate jumps from $51 to $190 per metric ton, creating future impact for Americans' wallets and a new headache for the oil and gas industries.
justthenews.com
