• Home
  • Categories
  • News
  • Community
EN
EN
Home
CategoriesNewsGlossaryCommunity
Contact Us
Social Media
Region
🌏International
Region
🌏International
Contact
Home
/
News
/
EPA's new rules will phase out many traditional cars. The American Petroleum Institute will sue.

EPA's new rules will phase out many traditional cars. The American Petroleum Institute will sue.

TraderKnowsTraderKnows
2024-06-14
Summary:In March of this year, the United States Environmental Protection Agency released new exhaust emission regulations, which have severely impacted the interests of various industries, including oil, automotive, and agriculture.

The largest national petroleum trade organization, including ExxonMobil and Chevron, will file a federal lawsuit on Thursday in an attempt to stop the Biden administration's efforts to reduce greenhouse gas emissions from cars and light trucks and encourage the production of electric vehicles.

In March, the U.S. Environmental Protection Agency (EPA) issued new exhaust regulations requiring national automakers to produce and sell more electric vehicles to meet the new standards. Under these regulations, the government expects electric vehicle sales to account for 56% of total sales between 2030 and 2032.

The American Petroleum Institute (API) stated that the EPA has exceeded its congressional authority, and this regulation will phase out most new fuel cars and conventional hybrid vehicles from the U.S. market within less than a decade.

"Today, we are taking action to protect American consumers, American manufacturing workers, and our nation's hard-earned energy security from the impact of this excessive government intervention," said API Senior Vice President and Chief Legal Counsel Ryan Meyers.

The lawsuit will be filed in the Washington D.C. Circuit Court of Appeals.

The National Corn Growers Association and the American Farm Bureau Federation will join API as co-plaintiffs. These two groups rely on fuel cars to support the corn ethanol industry.

"By approving exhaust standards that focus solely on electric vehicles, the EPA has ignored the significant role of corn ethanol in reducing greenhouse gas emissions and addressing climate change," said Harold Wolle, a Minnesota farmer and president of the National Corn Growers Association.

SKYPE TU

公众号2

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End
Previous
Next

Comments

0/1000

You Missed

Why are fewer and fewer people trading? Perhaps this article can provide you with the answer.

Why are fewer and fewer people trading? Perhaps this article can provide you with the answer.

According to data provided by brokers, 40% of traders give up trading after one month, and only 7% remain active after five years.

亚伦_TK_LOXmv
亚伦_TK_LOXmv
2024-06-04
Investment
Investment
2024-06-04
U.S. elections and Middle East conflict boost uncertainty, driving gold prices higher.

U.S. elections and Middle East conflict boost uncertainty, driving gold prices higher.

With the US election nearing and Middle East tensions rising, risk aversion keeps gold prices high as markets watch Fed rate decisions and US economic data.

TraderKnows
TraderKnows
2024-10-30
Foreign Exchange Trading
Foreign Exchange Trading
2024-10-30
Indonesia's central bank to continue forex intervention, rupiah to strengthen next year.

Indonesia's central bank to continue forex intervention, rupiah to strengthen next year.

Recently, the Governor of the Bank of Indonesia, Perry Warjiyo, publicly stated that they will continue to intervene in the foreign exchange market to stabilize the rupiah.

TraderKnows
TraderKnows
2024-06-05
Foreign Exchange Trading
Foreign Exchange Trading
2024-06-05
Theo Broker Review:High Risk(Suspected Fraud)

Theo Broker Review:High Risk(Suspected Fraud)

Theo (Theo Technology Co., Ltd) is an online forex trading platform. This article evaluates Theo from perspectives like corporate entity, domain registration, regulatory licenses, staff, software, and trade types.

TraderKnows
TraderKnows
2024-05-14
Pig Butchering Scam
Pig Butchering Scam
2024-05-14
Is Opixtech a legitimate forex company? Are the high returns of Opix Algo real?

Is Opixtech a legitimate forex company? Are the high returns of Opix Algo real?

No matter how well Opixtech and Chen De disguise their forex funding scheme, they can't conceal its true nature as a Ponzi scheme.

TraderKnows
TraderKnows
2024-05-10
Ponzi Scheme
Ponzi Scheme
2024-05-10

Wiki

Economic Recovery

Economic recovery refers to the phase where, following an economic downturn or crisis, there's a gradual increase in production and employment, businesses see improved profits, and consumer and investment activities rebound, leading to a gradual return to a normal economic state.

Organization

Active

TraderKnowsTraderKnows

Recent Post

Trump Invokes Defense Production Act with 850 Million USD for Coal Power to Meet AI Demand

06-05

NY Fed Index Shows High Supply Chain Pressures as Geopolitical Conflicts Raise Global Inflation Con…

06-05

Japan's Real Wages Rise for Fourth Consecutive Month, Fueling June BOJ Rate Hike Bets

06-05

China Flexible Employment Exceeds 300 Million as Blue-Collar Wage Growth Outpaces White-Collar for…

06-05

South Korean Stocks Post Steepest Weekly Drop Since March as Tech Valuations Reset

06-05

China Commercial Paper Rates Drop in Early June Amid Rising Bank Demand

06-05

UK House Prices Unexpectedly Fall in May as Geopolitical Tensions Push Up Borrowing Costs

06-05

Massive Intervention Fails to Save Yen as Short Positions Surge Near Historic Lows

06-05

AI Momentum Pauses as Broadcom Outlook Misses High Expectations; Markets Await Payrolls

06-05

SpaceX Launches 75B USD IPO Roadshow as Access Blocked in Mainland China and Hong Kong

06-05

Global Gold ETFs See $2 Billion Outflows in May as Capital Pivots to Tech Assets

06-05

Nikkei Drops Over 1% on Tech Sector Pullback While Real Wage Growth Provides Support

06-05

South Korea Lifts Mandatory Reporting for Crypto Transfers Over 10M Won

06-05

Amundi Says Asian AI Stocks Supported by Fundamentals as Fed Path Poses Key Risk

06-05

Taiwan Stocks Close 1.33% Lower on Broadcom Drop But Hold Key Technical Support

06-05

You Missed

Why are fewer and fewer people trading? Perhaps this article can provide you with the answer.

Why are fewer and fewer people trading? Perhaps this article can provide you with the answer.

According to data provided by brokers, 40% of traders give up trading after one month, and only 7% remain active after five years.

亚伦_TK_LOXmv
亚伦_TK_LOXmv
2024-06-04
Investment
Investment
2024-06-04
U.S. elections and Middle East conflict boost uncertainty, driving gold prices higher.

U.S. elections and Middle East conflict boost uncertainty, driving gold prices higher.

With the US election nearing and Middle East tensions rising, risk aversion keeps gold prices high as markets watch Fed rate decisions and US economic data.

TraderKnows
TraderKnows
2024-10-30
Foreign Exchange Trading
Foreign Exchange Trading
2024-10-30
Indonesia's central bank to continue forex intervention, rupiah to strengthen next year.

Indonesia's central bank to continue forex intervention, rupiah to strengthen next year.

Recently, the Governor of the Bank of Indonesia, Perry Warjiyo, publicly stated that they will continue to intervene in the foreign exchange market to stabilize the rupiah.

TraderKnows
TraderKnows
2024-06-05
Foreign Exchange Trading
Foreign Exchange Trading
2024-06-05
Theo Broker Review:High Risk(Suspected Fraud)

Theo Broker Review:High Risk(Suspected Fraud)

Theo (Theo Technology Co., Ltd) is an online forex trading platform. This article evaluates Theo from perspectives like corporate entity, domain registration, regulatory licenses, staff, software, and trade types.

TraderKnows
TraderKnows
2024-05-14
Pig Butchering Scam
Pig Butchering Scam
2024-05-14
Is Opixtech a legitimate forex company? Are the high returns of Opix Algo real?

Is Opixtech a legitimate forex company? Are the high returns of Opix Algo real?

No matter how well Opixtech and Chen De disguise their forex funding scheme, they can't conceal its true nature as a Ponzi scheme.

TraderKnows
TraderKnows
2024-05-10
Ponzi Scheme
Ponzi Scheme
2024-05-10

Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.