Trump set to undo Obama’s climate change policies

Following the news of the White House’s failure to repeal and replace the Affordable Care Act, commonly known as Obamacare, US President Donald Trump promised that should the American Health Care Act fail to receive a vote of approval from the House of Representative, will go through with other legislative matters instead.

In recent White House news, President Trump is set to sign an executive order on Tuesday at the Environmental Protection Agency that will alter large parts of the nation’s part in climate change regulations.

With Trump’s executive order, the Clean Power Plan will be completely slashed, while also decreasing the original budget of the Environmental Protection Agency. Meanwhile, present regulations on energy products like oil, coal, and gas productions will be reviewed should any possible revision needed to be made.

On an issue statement from the White House website, it has stated the importance of energy to American lives as well as to the world economy. It stated that “the Trump administration is committed to energy policies that lower costs for hardworking American and maximize the use of American resources, freeing us from dependence on foreign oil.”

Throughout Trump’s campaign, he has been vocal and made clear with his opinions against climate change green regulations. The US president has promised to remove certain regulations that limit the nation’s economic growth as well as holding back America’s energy potential.

According to Trump, eliminating climate change regulation will give more jobs to citizens, while also decreasing the country’s reliance on imported energy products.

The White house stated that “President Trump is committed to elimination harmful and unnecessary policies such as the Climate Action Plan and the Waters of the U.S. rule. Lifting these restrictions will greatly help American workers, increasing wages by more than $30 billion over the next 7 years.” “The Trump administration will embrace the shale oil and gas revolution to bring jobs and prosperity to millions of Americans,” the White House added.

With Trump’s executive order of lessening America’s major role in combating global climate change, this just show the extreme difference in approach from the present President Trump and former US President Obama’s political agendas for the country.

The executive order is set cancel former President Obama’s executive orders aimed that fighting climate change, as well as the nation’s involvement in the Paris Agreement.

This action taken by the White House has been long dreaded by climate change advocates, fearing that the absence of American – one of the largest countries in the world – from climate change measures will drastically take a toll on previous and future efforts.

Meanwhile, an executive order alone is not enough if Trump wishes to remove the rule, it will require replacement if the administration really is against CPP.

So there we have it! Be enlightened with the latest news on online trading, commodities, stocks, technology, and economy. Subscribe now! Trade12 Reviews waits for you. Visit our broker website here and start trading!

You can now download the Trade12 app for your smartphones, both available for iOS and Android users! Download now!