EPA plans to ditch key climate policy, Washington Post says
The so-called endangerment finding, published in 2009, has been the legal basis of a wide range of climate rules under the Clean Air Act. A draft proposal to formally abandon the policy is being considered by the EPA, though is still subject to change, the newspaper reported, citing two sources familiar with the details which it didn't name.
Limits on vehicle greenhouse gas emissions will be eliminated under the plan, according to the report. The New York Time also reported a draft is under consideration citing unnamed sources. Bloomberg reported in February that EPA Administrator Lee Zeldin was recommending the move.
In a statement, the EPA said its proposal will be published for public notice once it has been reviewed by agencies and signed by Zeldin.
Zeldin has launched a sweeping overhaul of environmental mandates as Trump pledges to limit regulatory costs and speed US energy development. Last week, chemical makers, coal-fired power plants and other facilities were granted exemptions to bypass a range of rules.
The endangerment finding undergirds rules on emissions in industries including aviation, automobiles and the power sector. It's long been a target for skeptics of global warming and conservatives who argue that mandates under the Clean Air Act aren't appropriate to cover greenhouse gases, which don't respect national borders.
Any move to scrap the finding would be complex and is likely to face challenges by environmental groups. Electric utilities and oil companies have also previously warned that any change could have unintended consequences, making them more susceptible to public nuisance lawsuits.
Stringer reports for Bloomberg. Anna Kitanaka assisted.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Tim Cook reportedly tells employees Apple ‘must' win in AI
Apple CEO Tim Cook held an hourlong all-hands meeting in which he told employees that the company needs to win in AI, according to Bloomberg's Mark Gurman. The meeting came after an earnings call in which Cook told investors and analysts that Apple would 'significantly' increase its AI investments. It seems he had a similar message for Apple employees, reportedly telling them, 'Apple must do this. Apple will do this. This is sort of ours to grab.' Despite launching a variety of AI-powered features in the past year under the Apple Intelligence umbrella, the company's promised upgrades to its voice assistant Siri have been significantly delayed. And Cook seemed to acknowledge that the company has fallen behind its competitors. 'We've rarely been first,' he reportedly said. 'There was a PC before the Mac; there was a smartphone before the iPhone; there were many tablets before the iPad; there was an MP3 player before iPod.' But in his telling, that didn't stop Apple from inventing the 'modern' versions of those products. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
TechCrunch
an hour ago
- TechCrunch
Tim Cook reportedly tells employees Apple ‘must' win in AI
In Brief Apple CEO Tim Cook held an hourlong all-hands meeting in which he told employees that the company needs to win in AI, according to Bloomberg's Mark Gurman. The meeting came after an earnings call in which Cook told investors and analysts that Apple would 'significantly' increase its AI investments. It seems he had a similar message for Apple employees, reportedly telling them, 'Apple must do this. Apple will do this. This is sort of ours to grab.' Despite launching a variety of AI-powered features in the past year under the Apple Intelligence umbrella, the company's promised upgrades to its voice assistant Siri have been significantly delayed. And Cook seemed to acknowledge that the company has fallen behind its competitors. 'We've rarely been first,' he reportedly said. 'There was a PC before the Mac; there was a smartphone before the iPhone; there were many tablets before the iPad; there was an MP3 player before iPod.' But in his telling, that didn't stop Apple from inventing the 'modern' versions of those products.
Business Insider
6 hours ago
- Business Insider
Senegal targets $10 billion in revenue to escape debt crisis
Senegal will raise nearly $10 billion over the next three years through tax increases, renegotiations of energy contracts, and spending cuts as part of a comprehensive plan to stabilise public finances and restore investor confidence. Senegal aims to mobilize $10 billion over three years by increasing taxes, renegotiating energy contracts, and reducing spending. Prime Minister Ousmane Sonko emphasized prioritizing domestic resource mobilization to reduce dependency on external aid. The fiscal plan emerges as Senegal confronts debt challenges revealed by an audit indicating a debt-to-GDP ratio increase. Senegal will raise nearly $10 billion over the next three years through tax increases, renegotiations of energy contracts, and spending cuts as part of a comprehensive plan to stabilise public finances and restore investor confidence, Prime Minister Ousmane Sonko announced on Friday. Speaking in Dakar, Sonko stated that the government will prioritise domestic resource mobilisation to reduce its dependence on external aid. The measures follow the discovery of $7 billion in previously undisclosed borrowing by the former administration, which pushed Senegal toward a debt crisis, Bloomberg reported. Under President Bassirou Diomaye Faye, the government plans to fund 90% of its economic recovery plan through domestic revenue, including new taxes on goods, services, and mobile money transfers. The aim is to generate 5.7 trillion CFA francs ($9.9 billion) throughout the period. The fiscal misreporting prompted the International Monetary Fund (IMF) to suspend a $1.8 billion loan program last year, while S&P Global Ratings downgraded Senegal's credit rating further into junk status. The government's new fiscal strategy is designed to reassure investors and restore credibility. The IMF announced last week that it will begin discussions with Senegal in September toward a new financing arrangement, contingent on the country presenting a credible path back to fiscal sustainability. However, financial markets remain cautious. Senegalese Eurobonds due in 2033 fell 0.7% to 73.98 cents on the dollar by Friday afternoon in London trading. Rebasing GDP Senegal's statistics agency is also working on rebasing the nation's gross domestic product (GDP), a move that could improve the country's debt metrics. Following an audit, Senegal's debt-to-GDP ratio surged to 99.7% in 2023 from a previously reported 74.4%. Economy Minister Abdourahmane Sarr stated that the country's debt obligations stood at 119% of GDP last year. A new IMF program, aimed at financing the recovery plan and regaining investor confidence, will depend on Senegal's ability to demonstrate fiscal discipline. Sarr said the government's roadmap includes improving the efficiency of public spending, prioritising high-impact investments, and reducing the budget deficit to 3% by 2027. While the government is considering debt reprofiling, extending maturities to ease repayment pressures, it remains committed to avoiding a full debt restructuring.
