Dr. Patrick Michaels, professor of environmental sciences at the University of Virginia and Senior Fellow at the Cato Institute discussed the Environmental Protection Agency’s (EPA) Advanced Notice of Proposed Rulemaking (ANPR). The EPA bureaucracy is trying to circumvent Congressional legislation to curb greenhouse gas emissions (GHGs) and regulate carbon dioxide and other GHGs under the Clean Air Act. Heritage Foundations economists have covered the economic costs of the EPA’s ANPR: • Cumulative gross domestic product (GDP) losses are nearly $7 trillion by 2029 (in inflation-adjusted 2008 dollars), according to The …
