The Biden administration in a fresh legal Oling pushed back on a district court ruling that froze its use of the social cost of greenhouse gas (GHG) formula, warning of possible implications for oil and natural gas operators. Earlier this month, the US District Court for the Western District of Louisiana issued a temporary freeze that blocks the Biden administration from using Obama-era “social cost of carbon” formulas in rulemaking and permitting processes to estimate the socioeconomic damages associated with a rise in GHG emissions.
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