Climate deregulation has long been a goal of President Donald Trump, who views many of the rules as burdensome and costly to business. To that end, The Trump administration announced last week it would revoke the so-called “endangerment finding,” a key Obama-era ruling underlying many federal climate limits.
Speaking to WHYY, Bracewell’s Jeff Holmstead stressed the need for bipartisan climate legislation to give US industry certainty and plan operations accordingly.
“Very few, if any, industry groups were calling for the endangerment finding to be overturned. The automakers said they’d prefer reasonable regulations and some certainty,” Holmstead said. “Even the oil trade association said the same thing. The idea that this is somehow a holy grail that solves the climate problem is a pretty dramatic overstatement.”
