Bill Challenges Obama's Use Of Carbon Social Costs

Law360, New York (July 2, 2013, 2:13 PM EDT) -- A pair of U.S. congressmen formally announced legislation Monday that would force the Obama administration to seek public comment on its use of  the "social cost" of carbon emissions in crafting federal regulations, a bill they say was prompted by the White House recently hiking that cost.

The White House's Office of Management and Budget on May 31 released an update to an interagency method of calculating the social cost of carbon emissions that was first unveiled in 2010. This estimate of the economic damages associated...
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