An appeals court has revived a Biden administration effort to account for potential damage from greenhouse gas emissions when creating rules for polluting industries.
and drive up energy prices. But a panel of three 5th U.S. Circuit Court of Appeals judges in New Orleans unanimously stayed the lower court in a ruling dated Wednesday, meaning the administration can continue using the policy while the case goes on.
Republicans and business groups have questioned the accuracy of the complex economic models used to derive the cost estimate. They argue that an emphasis on future climate damage would hobble the economy, particularly the energy industry.The carbon cost estimate had not yet been used very much under Biden, but is being considered in a pending environmental review of oil and gas lease sales in western states.
A spokeswoman with the U.S. Department of the Interior said the administration was reviewing the decision.“We strongly disagree with the 5th Circuit's opinion that we lack standing in Biden's latest attempt to inject the federal government into the everyday lives of Americans,” the statement said.
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