Politico speaks with William Yeatman on the impact of President Trump's Executive Order withdrawing much of President Obama's climate policies.
Both liberal and conservative experts agree the change could have far-reaching consequences. In effect, the order will make carbon pollution seem far less costly to society—reducing the benefits that can be ascribed to climate change regulations, and making it harder for such rules to pass a cost-benefit test. That would make it easier for the Department of Energy and Environmental Protection Agency to weaken Obama-era regulations on everything from the Clean Power Plan to mileage standards for cars and trucks to methane regulations. It could also ease approval for proposed infrastructure projects like the Keystone pipeline.
“It would have an enormous impact,” said William Yeatman, an energy expert at the free-market Competitive Enterprise Institute, which supports the changes.
Read the full article at Politico.