‘Extraordinary crisis’: Democrats’ Revolutionary Climate Change Bill Aims To Remake U.S. Economy; 12 Republican AGs sue Biden over climate executive order, and related stories

‘Extraordinary crisis’: Democrats’ revolutionary climate change bill aims to remake U.S. economy:

House Democrats are brewing a hefty climate-change bill to satisfy an environmental wish-list that includes removing fossil fuels from the electric grid, cracking down on natural gas pipelines, and earmarking $500 million to install electric vehicle charging stations throughout the U.S.

President Biden and his Democrats trumpet the bill, known as the CLEAN Future Act, as a “jobs bill” and the backbone of his Build Back Better agenda.

“The CLEAN Future Act promises that we will not stand idly by as the rest of the world transitions to clean economies and our workers get left behind, and that we will not watch from the sidelines as the climate crisis wreaks havoc on Americans’ health and homes,” said Rep. Frank Pallone, New Jersey Democrat and chairman of the Energy and Commerce Committee that is working on the bill.

The legislation is considered nothing short of revolutionary by both climate-change advocates and skeptics. Tucked into its 981 pages is a step-by-step formula to remake the U.S. economy and reach net-zero greenhouse gas emissions by 2050, the same goal set by the Paris Climate Agreement from which former President Trump withdrew and that Mr. Biden rejoined in the first hours of his presidency. —>READ MORE HERE

12 Republican AGs sue Biden over climate executive order:

Twelve states filed a lawsuit Monday challenging President Biden’s day-one climate-change executive order, saying he lacked the authority to enact what they decried as a massive regulatory expansion that would kill jobs, jack up prices and cripple the economy.

Led by Missouri Attorney General Eric Schmitt, the 12 Republican attorneys general zeroed in on the section in the Jan. 20 order in which Mr. Biden reestablished the Interagency Working Group on the Social Cost of Greenhouse Gases and directed it to attach a value to emissions reductions.

The group gave an initial estimate of $9.5 trillion for the cost of U.S. carbon dioxide, methane and nitrous oxide emissions using figures from 2019-20, according to the lawsuit, but the prosecutors argued that the administration “did not have the authority to issue binding numbers.”

“In practice, President Biden’s order directs federal agencies to use this enormous figure to justify an equally enormous expansion of federal regulatory power that will intrude into every aspect of Americans’ lives — from their cars, to their refrigerators and homes, to their grocery and electric bills,” said the 46-page document. —>READ MORE HERE

Follow links below to related stories:

The Fox Is Watching the Henhouse: Green Energy Edition

WSJ: What Is the Paris Climate Agreement and Why Is Biden Rejoining Now?

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