EPA is asking for your input! EPA is considering changing how it does cost and benefit analysis for new regulations. This is great news, because the Agency’s analyses have often been biased in favor of regulation, sometimes to the point of absurdity.
EPA assumes zero benefits from the burning of fossil fuels while proclaiming heavy costs from increased carbon dioxide levels in the atmosphere. Now, as Greens push for increasing the alleged “social cost of carbon” from the current 36/ton (up from $22/ton back in 2010) to an astonishing $43/ton, Roger Bezdek and Paul Driessen show that EPA is violating federal law (including Executive Order 12866) by ignoring the massive benefits to society (some $70 trillion in the U.S. alone) from fossil fuels use.