Folks, this is not a concession. It's an election year gimmick. I'm not kidding. That's not hyperbole. Not a joke. Again, maybe President Biden should lead by example and give up his Corvette.
E&E News (2/20/24) reports: "Gas-powered cars would stay on the roads for longer, emitting more planet-warming pollution, if President Joe Biden makes an election-year concession to automakers and weakens EPA’s proposed tailpipe emission standards. The rule is still under White House review, and administration staff have nine more meetings scheduled with companies, environmental groups and state air regulators who hope their testimony has a last-minute impact. But unnamed sources told The New York Times that the administration intends to finalize a rule that would give automakers more time to cut car and truck pollution... That’s unlikely to please environmentalists and consumer and public health groups, who urged EPA to make its historically aggressive proposal even stronger. Seven of those groups filed joint comments to EPA last year asking the agency for something tougher than 'Alternative 1' — the most aggressive regulatory option EPA explored, which would cut emissions 61 percent on average over five years. That would begin with a 24 percent emissions cliff between model years 2026 and 2027."
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"No industry could be more central to achieving President Biden’s energy and environmental priorities than the natural-gas industry. The staggering growth of domestic supply spurred on by the advent of hydraulic fracturing over the last 15 years has turned the United States from a net importer into the world’s largest LNG exporter. This market shift has created thousands of jobs and allowed the industry to exceed the volumes in President Biden’s pledge to Europe to supply 50 billion cubic meters of LNG, preventing Russia from being able to use its leverage over this resource to splinter Western support for Ukraine."
– Charles K. Ebinger, Atlantic Council Global Energy Center
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