FOXNews Politics | 3 hours ago | Politics
In a significant move, EPA Administrator Lee Zeldin has revoked an Obama-era determination regarding greenhouse gases. Labeling it as the "largest deregulatory action," Zeldin justifies his decision stating it results in a saving of $1.3 trillion.
This act replaces the previous legislation which was focused on managing and reducing the emission of greenhouse gases. By replacing it, there is an implication that the regulation and control of such gases are less prioritized.
This measure by Zeldin is guided by an economic rationale, as it is projected to reduce regulatory expenses dramatically. The move is seen as taking a step back from the aggressive stance against climate change adopted in the Obama era.
Critics might see this as a sign of weakening environmental policies, while others might praise it as a much needed deregulatory action. The argument against stringent environmental regulations often revolves around the hefty costs and burdens they impose on industries and the economy. However, the long-term environmental impact of such decisions is still a matter of concern for many.