Trump reportedly to drop climate change from environmental reviews

|By:, SA News Editor

Pres. Trump is preparing to approve a wide-ranging executive order to reduce the role that climate change plays in policy decisions, Reuters reports, citing an administration official who reviewed a draft of the order.

The official confirmed a Bloomberg report that the executive order will instruct the EPA and other agencies to modify their use of the "social cost of carbon," an Obama-era policy that seeks to quantify potential economic damage from climate change for the purposes of drafting regulation.

The Obama carbon cost estimates were first issued in 2010 and have been used to analyze rules directly targeting carbon dioxide emissions such as car and truck emissions standards, as well as on indirect emissions, such as mercury and other air pollutants from power plants.

ETFs: XLE, XLU, VDE, ERX, OIH, UTG, IDU, VPU, ERY, DIG, DUG, BGR, GUT, IYE, BUI, FENY, FIF, PXJ, RYE, FUTY, RYU, UPW, DDG, FXN, FXU, CRAK

Subscribe for full text news in your inbox