The news on Friday was Biden signing another order, this one restoring the so-called “Social Cost of Carbon” to Obama’s $51 a ton, along with threats to raise it up to $125 a ton. The whole notion is an exercise in imagination for the sake of adding regulatory costs to everything involving energy, that is to everything. A background post below describes the history of how this ruse started and the manipulations and arbitrary assumptions to gin up a number high enough to hobble the economy.
Background from 2018 post: US House Votes Down Social Cost of Carbon
The House GOP on Friday took a step forward in reining in the Obama administration’s method of assessing the cost of carbon dioxide pollution when developing regulations.
The House voted 212-201, along party lines, to include a rider blocking the use of the climate change cost metric to an energy and water…
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