Friday, August 3, 2018

Trump Moves To Revoke Fuel Economy Standards That Will Cost American's Thousands and Make Oil Companies Billions

Donald Trump has proposed dramatically weakening fuel economy standards by reversing a landmark Obama-era regulation that hoped to bring the U.S. fuel economy rules in line with the rest of the developed world.

Handed down from the Environmental Protection Agency and the Department of Transportation the proposal is the fever dream of disgraced former EPA Administrator Scott Pruitt who declared the Obama-era regulation as “wrong,” and called the standards set forth “too high.

Now, instead of President Obama's plan requiring passenger vehicles to average 54.5 miles per gallon by 2025, Trump's new standards will freeze 2020 levels at 35 miles per gallon in 2020 for six years.

If only this part of Trump's repeal is acted upon it will increase oil consumption by 12 billion barrels, double tailpipe emissions and cut fuel efficiency by half and cost consumers $3,200 to $5,700 in gasoline costs over the lifetime of their vehicle.

Additionally this would add an addition 600 million metric tons of carbon dioxide into the atmosphere by 2030.

But wait, there's more.

Trump's plan would also revoke a Clean Air Act that grants special status allowing California to set it's own vehicle standards accusing the state of being “disproportionately focused on” greenhouse gas emissions.

The EPA is selling their plan as...

"delivering on Trump’s promise to the American public that his administration would address and fix the current fuel economy and greenhouse gas emissions standards,"

The nearly thousand page proposal marks a major victory for automakers who will profit by not having to hew towards increasing clean car standards.

But let's be real. The big winners here are oil producers who will now not lose trillions of dollars in revenue to the electric car industry that will not be built by the car companies.

FACT CHECK: China’s electric vehicle market is growing twice as fast as the United States’, and regulators in Beijing are considering banning combustion engines.

California and 16 other states, along with the District of Columbia, filed a lawsuit on Thursday challenging the planned rollback.

Trump's gift to the auto industry and big oil comes just days after a new international report found that the last four years have been the warmest four years on record.

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