Joe Biden and his dangerous minions have opened another war on the U.S. energy sector by quadrupling the regulatory costs of carbon emissions.
Even as costs soar, even as our energy sector is destroyed brick by brick, Biden has opened yet another battle against the American people.
Per Just the News:
The so-called Social Cost of Carbon was first set in 2009 under then-President Barack Obama. Under Democrats it has been set for most of the last decade at $51 per metric ton. But in a rulemaking notice in mid-November, EPA said it had devised a new calculation that raises that damage estimate to $190 per metric ton by 2022 standards and as much as $410 by the year 2080.
The figure isn’t just hypothetical. If enacted, it could affect everything from the cost of methane regulations and tailpipe emissions to the “climate reparations” that President Joe Biden has committed the United States to paying to poor countries in the future.
The new estimate has sent shockwaves through the energy industry and raised the stakes for ongoing litigation being brought by Republican attorneys general in states like Louisiana that are challenging the Biden administration Social Cost of Carbon rulemaking as unconstitutional.
One of the key litigators told Just the News that if the Social Cost of Carbon rule stands it one day will affect the prices consumers pay on products from the dinner table to the heating furnace.
“If you think about the fact that they would impose this damage factor, let’s say on farmers, because it applies to fertilizer,” Louisiana Solicitor General Liz Muiller said in an interview on the John Solomon Reports podcast. “Fertilizer emits nitrous oxide. So fertilizer is a big contributor. If every family farmer now is going to have to pay more to obtain fertilizer to fertilize crops that feed us, well, what’s that going to do to the price of food?
“If you’re industrial, if you use plastic products in anything that’s touched by petroleum, it’s going to increase the cost of producing those goods. And that’s all going to be passed on to the consumer.”
The left’s main goal is to destroy this country.
They want an end to energy production, an end to our economy, and end to private property, and an end to freedom of movement.
The left wants every American living in a gulag they control.Commentary