The Environmental Protection Agency (EPA) today announced a proposed rule aimed at reforming abuses of benefit-cost analyses required in the regulatory process. The proposed rule is aimed at ensuring benefit-cost analyses use the best available scientific information.
Director of CEI’s Center for Energy and Environment Myron Ebell said:
“All too often in the past, the EPA has used highly dubious calculations of huge co-benefits to justify rules that have minimal direct benefits but high compliance costs. The rule proposed today promises to end the worst abuses by requiring that benefit-cost analyses be done in a consistent way according to approved methods and be presented in a more transparent way. CEI looks forward to offering suggestions in the official public comment period that will make the rule even stronger.”