API Questions EPA’s Draft SCC Update Absent Inter-Agency Work Group

The American Petroleum Institute (API) is raising a host of questions about why EPA released a draft update to the social cost of carbon (SCC) metric even as a White House inter-agency group is developing its own revisions to “interim” SCC estimates that agencies use to monetize climate benefits from rules. Supporters of stronger climate rules, however, are broadly backing the substance of EPA’s update, which includes far higher estimates of climate damages than the government’s current tool. In Feb...