 |
|
|
|||||
President Donald Trump‘s administration on Tuesday proposed revoking a scientific finding that has long been the central basis for U.S. action to regulate greenhouse gas emissions and fight climate change. The proposed Environmental Protection Agency rule would rescind a 2009 declaration that determined that carbon dioxide and other greenhouse gases endanger public health and welfare. The endangerment finding is the legal underpinning of a host of climate regulations under the Clean Air Act for motor vehicles, power plants and other pollution sources that are heating the planet. EPA Administrator Lee Zeldin announced the proposed rule change on a podcast ahead of an official announcement set for Tuesday in Indiana. Repealing the endangerment finding will be the largest deregulatory action in the history of America,” Zeldin said on the Ruthless podcast. There are people who, in the name of climate change, are willing to bankrupt the country,” Zeldin said. “They created this endangerment finding and then they are able to put all these regulations on vehicles, on airplanes, on stationary sources, to basically regulate out of existence, in many cases, a lot of segments of our economy. And it cost Americans a lot of money. The EPA proposal must go though a lengthy review process, including public comment, before it is finalized, likely next year. Environmental groups are likely to challenge the rule change in court. Zeldin called for a rewrite of the endangerment finding in March as part of a series of environmental rollbacks announced at the same time in what he said was “the greatest day of deregulation in American history.” A total of 31 key environmental rules on topics from clean air to clean water and climate change would be rolled back or repealed under Zeldin’s plan. He singled out the endangerment finding as the Holy Grail of the climate change religion and said he was thrilled to end it as the EPA does its part to usher in the Golden Age of American success.” Tailpipe emission limits also targeted The EPA also is expected to call for rescinding limits on tailpipe emissions that were designed to encourage automakers to build and sell more electric vehicles. The transportation sector is the largest source of greenhouse gas emissions in the United States. Environmental groups said Zeldin’s action denies reality as weather disasters exacerbated by climate change continue in the U.S. and around the world. As Americans reel from deadly floods and heat waves, the Trump administration is trying to argue that the emissions turbocharging these disasters are not a threat,” said Christy Goldfuss, executive director of the Natural Resources Defense Council. It boggles the mind and endangers the nations safety and welfare. Under Zeldin and Trump, the EPA wants to shirk its responsibility to protect us from climate pollution, but science and the law say otherwise,” she added. If EPA finalizes this illegal and cynical approach, we will see them in court. Three former EPA leaders have also criticized Zeldin, saying his March announcement targeting the endangerment finding and other rules imperiled the lives of millions of Americans and abandoned the agencys dual mission to protect the environment and human health. If theres an endangerment finding to be found anywhere, it should be found on this administration because what theyre doing is so contrary to what the Environmental Protection Agency is about, Christine Todd Whitman, who led EPA under Republican President George W. Bush, said after Zeldin’s plan was made public. The EPA proposal follows an executive order from Trump that directed the agency to submit a report on the legality and continuing applicability of the endangerment finding. Conservatives and some congressional Republicans hailed the initial plan, calling it a way to undo economically damaging rules to regulate greenhouse gases. But environmental groups, legal experts and Democrats said any attempt to repeal or roll back the endangerment finding would be an uphill task with slim chance of success. The finding came two years after a 2007 Supreme Court ruling holding that the EPA has authority to regulate greenhouse gases as air pollutants under the Clean Air Act. Passing court muster could be an issue David Doniger, a climate expert at the NRDC, accused Trump’s Republican administration of using potential repeal of the endangerment finding as a kill shot that would allow him to make all climate regulations invalid. If finalized, repeal of the endangerment finding would erase current limits on greenhouse gas pollution from cars, factories, power plants and other sources and could prevent future administrations from proposing rules to tackle climate change. “The Endangerment Finding is the legal foundation that underpins vital protections for millions of people from the severe threats of climate change, and the Clean Car and Truck Standards are among the most important and effective protections to address the largest U.S. source of climate-causing pollution,” said Peter Zalzal, associate vice president of the Environmental Defense Fund. Attacking these safeguards is manifestly inconsistent with EPAs responsibility to protect Americans health and well-being,” he said. It is callous, dangerous and a breach of our governments responsibility to protect the American people from this devastating pollution.” Conrad Schneider, a senior director at the Clean Air Task Force, said the Trump administration is using pollution regulations as a scapegoat in its flawed approach to energy affordability” and reliability. He and other advocates “are dismayed that an administration that claims it cares about cleaner, healthier and safer air is seeking to dismantle the very protections that are required for those conditions, Schneider said. Matthew Daly, Associated Press
Category:
E-Commerce
Cash App wants you to take a dip into its newest feature: Pools. The company announced the launch of a new pools feature Tuesday, which allows users toyou guessed itpool their money and make group payments. For instance, it can be used to pay for a dinner with friends, a vacation, or even to collect money for a birthday or wedding gift. Owen Jennings, Business Lead at Block, Cash Apps parent company, says that implementing pools was something of a no-brainer, since they were able to simply look at how their users were utilizing the app, and create a new feature to facilitate the behavior the Cash App team was seeing. Its really, really common behavior, we see more than half of our customers engaging in pooling behavior, he says of Cash App users sending money to each other to pay for a single, larger expense. To some extent, weve just built something thats custom for this specific use-case. Jennings adds that what hes particularly excited about, in terms of pools, is that for the first time, were allowing out-of-network contributions, which means some users dont even need to have Cash App in order to participate. In those cases, their friends can send them a link to a Cash App pool, and the out-of-network participants can use Apple Pay or Google Pay to contribute. While pools is an active feature for a subset of Cash App users currently, there is a wider rollout planned for the coming months. Jennings also mentions that launching new features and products, such as pools, is the primary way that Cash App, and Block at large, have grown its customer base and deepened engagement with current customers. Folks typically come in because of our peer-to-peer features, he says, and increasingly attach to additional features. In that sense, the company is seeing a payoff. Blockwhich was founded by CEO Jack Dorsey (perhaps most well-known for founding Twitter) in 2009 and is also the parent company of Square, Afterpay, TIDAL, Proto, and Bitkeyhas grown enough to become the latest entrant into the S&P 500. Investors evidently liked that news, too, because the companys stock has popped recentlyshares are up nearly 24% over the past month, as of writing.
Category:
E-Commerce
German semiconductor materials supplier Siltronic on Tuesday lowered its full-year sales guidance and warned on sales in the next quarter, amidst continued weakness in its semiconductor business and high customer inventories. The group now expects sales to be in the mid-single-digit percentage range below the previous year, having previously guided towards sales being in the same region as the previous year. Shares in Siltronic, which have fallen 11.3% since the start of the year including today’s session, were down 7% as at 1014 GMT. In 2024, the company, which makes silicon wafers used in semiconductor chips, achieved revenue of 1.41 billion euros ($1.63 billion), which was 7% below the previous year. Siltronic, whose customers include Infineon, Intel, Samsung, and TSMC, also said it expects third-quarter sales to be below the previous quarter’s level, due to shifts in delivery volumes in 2025, most of which have been postponed to the fourth-quarter. Its second-quarter revenue amounted to 329.1 million euros, down from 351.3 million euros a year earlier. That was ahead of analysts’ average forecast of 322 million euros, according to a poll by LSEG. On a conference call with analysts, CEO Michael Heckmeier said that high customer inventories were an issue across the entire industry. Semiconductor materials suppliers have suffered from slower than expected customer inventories reductions. “We are stable, there’s no indication that we are doing significantly better or worse than our peers,” he said. U.S. President Donald Trump’s sweeping tariffs and uncertainty over his trade policies have sent global markets into a tailspin and significantly dampened investors’ economic optimism. Analysts at Jefferies said in a note that the U.S. and European Union agreement still poses some questions on the potential impact on wafers. Last week, ASML, the world’s biggest supplier of computer chip-making equipment, also warned that it may not achieve revenue growth in 2026 as chipmakers building factories in the U.S. await clarity on the potential impact of tariffs. ($1 = 0.8631 euros) Ozan Ergenay, Reuters
Category:
E-Commerce
All news |
||||||||||||||||||
|
||||||||||||||||||