President Trump’s “Executive Order on Energy Independence” will save the American people hundreds of billions of dollars every year that would have been wasted on purely symbolic efforts under former President Obama’s “Clean Power Plan” and other regulations.
Former President Barack Obama justified those regulations by claiming they would reduce global warming. But in reality, even according to his Environmental Protection Agency’s calculations, they would achieve no measurable reduction in global warming.
The executive order not only paves the way for the EPA to undo most or all of the “Clean Power Plan” but also
- lifts a short-term ban on new leases for coal mining on public lands;
- effectively blocks fulfillment of U.S. intentions under the Paris climate agreement;
- requires recalculation of the “social cost of carbon,” probably resulting in low levels that would make it difficult to justify regulations restricting carbon dioxide emissions on a cost/benefit basis; and
- eliminates a requirement that all federal agencies include climate-change effects in calculating costs and benefits of future environmental permits.
The executive order will open the door to more development of America’s abundant resources of hydrocarbon fuels—coal, oil, and natural gas—leading to lower energy prices, benefiting producers and consumers alike, and more jobs in those and related industries, while reducing our imports from unfriendly nations, and consequently their ability to finance ISIS, Al Qaeda, and other jihadist terror organizations.