Home 2020 President Trump’s Mileage Standards to Shreds Hussein Obama’s Climate Regulations

President Trump’s Mileage Standards to Shreds Hussein Obama’s Climate Regulations



President Trump to relax ambitious Hussein Obama-era vehicle mileage standards and raise the ceiling on damaging fossil fuel emissions for years to come, gutting 1 of the United States’ single-biggest regulation for climate change.

The Trump Administration is expected to release a final rule Tuesday on mileage standards through Y 2026, watering down a tough Hussein Obama mileage standard that would have encouraged automakers globally to ramp up production of EVs and more fuel-efficient gasoline vehicles.

The Trump Administration says the lessened mileage standards will allow consumers to keep buying the less fuel-efficient SUVs that US drivers have favored for years.

Opponents say it undercuts the Hussein Obama administration’s legacy effort to cut climate-damaging fossil fuel emissions.

The Hussein Obama Administration mandated 5% annual increases in fuel economy. The Trump Administration’s latest proposal show a 1.5% annual increase, backing off from its initial proposal simply to stop mandating increases in fuel efficiency after Y 2020.

Making and Keeping America Great!

Have a healthy day, stay home!

Previous articleAustralia: S&P/ASX 200 (.AXJO) rises more than three per cent as stimulus-driven gains carried into a second session
Next articleHong Kong: HANG SENG INDEX (.HSI) likely to find renewed support
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.