Friday, April 7, 2023

'Cost of Carbon' Policy gets a win!

Happy Friday! 

Did anyone read The Houston Chronicle’s reprint of an Associated Press article on Thursday, April 6, 2023 called, “Challenge to ‘Cost of Carbon’ policy dismissed.”  The article was about how ten Republican lead states including Texas sued the Biden Administration over how they calculate damages from greenhouse gasses.  The 5th U. S. Circuit Court of Appeals in New Orleans in a unanimous decision dismissed the case.  This win for the Biden Administration allows them to continue to use the $51 a ton of carbon dioxide emissions to help make environmental rules.  The ‘Cost of Carbon’ rule hasn’t been updated since 2016 and is up for updating by the administration.  The article goes on to say the amount is grossly under what it should be today. 

If you would like to read the article, please click the link: Challenge to Biden 'Cost of Carbon' policy dismissed | AP News

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Have a Happy Easter and great weekend!