From DailyWire.com…
As gas prices skyrocket, the Biden administration announced this week that they’re indefinitely delaying new oil and gas drilling on federal land and other energy-related actions following a federal court ruling that blocks the administration from using their steep “social cost of carbon” estimate.
U.S. District Judge James Cain of the Western District of Louisiana “blocked federal agencies from using an estimate known as the ‘social cost of carbon’ to assess pollution from carbon emissions by energy production and other industrial sources,” MarketWatch explained. “The decision blocked the Biden administration from using a higher estimate for the damage that each additional ton of greenhouse gas pollution causes society.”
“President Joe Biden on his first day in office restored the climate cost estimate to about $51 per ton of carbon dioxide emissions, after President Donald Trump had reduced the figure to $7 or less per ton,” the report noted. “Trump’s estimate included only damages felt in the U.S. versus the global harm previously used by President Barack Obama.”
