Keep up with essential planning news and commentary, delivered to your inbox every Monday and Thursday.
Obama Pushes Ahead With Major Air Pollution Initiative
"The Environmental Protection Agency will move ahead Friday with a rule requiring cleaner gasoline and lower-pollution vehicles nationwide, amounting to one of President Obama’s most significant air pollution initiatives, according to people briefed on the decision," reports Juliet Eilperin.
By reducing the amount of sulfur in U.S. gasoline and imposing fleet-wide pollution limits on new vehicles, "[t]he proposed standards would add less than a penny a gallon to the cost of gasoline while delivering an environmental benefit akin to taking 33 million cars off the road, according to a senior administration official, who spoke on the condition of anonymity because the announcement had not been made yet."
"The regulations are supported by environmental advocates, state regulators and even automobile companies, who would prefer uniform sulfur standards for fuel nationwide," notes Eilperin. "But oil industry officials and their congressional allies say it will cost up to $10 billion to upgrade refineries and an additional $2.4 billion in annual operating costs."