Trump administration delays increase in fines for automakers who fail to meet climate change standards - News Summed Up

Trump administration delays increase in fines for automakers who fail to meet climate change standards


ADThe new order is one among many environmental rollbacks the Trump administration has sought to finalize in its waning days. Holding down the fines also reduces the value of credits automakers can sell if they exceed standards. The Trump administration initially tried to delay the increase indefinitely, but was told by the courts that it could not. The administration then said it would scrap the increase, concluding the 2015 law did not apply to the emissions fines. The rate at which the fines are set also affects a market for emissions credits.


Source: Washington Post January 15, 2021 19:52 UTC



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