(WBAP/KLIF) — An effort by the Biden Administration to account for potential damage from industries that emit greenhouse gases has survived another court challenge.
A Federal Appeals Court in New Orleans, Thursday, refused to reconsider its recent ruling reviving the so-called ‘cost of carbon’ policy. The measure puts a dollar value on alleged damage to the atmosphere caused by greenhouse gases emitted by a company.
Republicans and business groups have questioned the accuracy of the complex economic models used to determine the cost estimate. Texas and nine other states challenged the policy, which is expected to reach the U.S. Supreme Court.
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