President Trump Unwinding Obama’s Global Warming Initiatives

President Trump Unwinding Obama’s Global Warming Initiatives

President Trump Unwinding Obama’s Global Warming Initiatives

Paris Climate Accord a “Bad Deal”

US President Donald Trump in the coming days will sign a new executive order that unwinds Mr. Hussein Obama’s plan to curb global warming, the head of the Environmental Protection Agency (EPA) said Sunday.

EPA chief Scott Pruitt said the executive order to be signed Tuesday will undo the Obama Admin’s Clean Power Plan, an environmental regulation that restricts greenhouse gas emissions at coal-fired power plants.

The Y 2015 rule has been on hold since last year while a federal appeals court considers a challenge by coal-friendly Republican-led states and more than 100 companies.

Speaking on national TV Sec. Pruitt said President Trump’s intention is to bring back coal-mining jobs and reduce the cost of electricity.

Supporters of former President Barack Hussein Obama’s plan argue it would spur thousands of clean-energy jobs and help the US meet ambitious goals to reduce carbon pollution set by an international agreement reached in Paris in late Y 2015.

Sec. Pruitt called the Paris climate accord a “bad deal” because he said it went too easy on China and India, who like the US are among the world’s leading producers of CO2 (carbon dioxide).

“So we’ve penalized ourselves through lost jobs while China and India didn’t take steps to address the issue internationally. So Paris was just a bad deal, in my estimation,” he said.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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