The modern world cannot survive and thrive without a productive petroleum industry
A U.S. appeals court on Friday upheld the "social cost of carbon" calculation used by President Joe Biden's administration, which sharply boosts the price tag policy makers will put on the environmental impact of greenhouse gas emissions from that used by former President Donald Trump.
The St. Louis, Missouri-based 8th U.S. Circuit Court of Appeals said the plaintiffs, attorneys general from 13 states, including Missouri, Alaska and Montana, cannot rely on "generalized grievances" to challenge the metric absent a specific action taken by a federal agency.
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