Oil and gas in the capitals
On July 29, the White House released “The cost of delaying action to stem climate change,” prepared by its Council of Economic Advisers (CEA). The report argues that delaying expensive, intrusive measures to mitigate climate change will only cost more in the long run. It is intended to facilitate actions that President Obama is proposing to address global warming—actions with serious consequences for the oil and gas industry. The report is part of a White House effort to increase public support for Obama’s energy agenda and new EPA regulations.
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