Chemical industry seeks exemptions from US pollution rules as part of Trump administration offer [Yahoo! Finance Canada]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance Canada
The request by the American Chemistry Council and the American Fuel & Petrochemical Manufacturers comes as the Trump administration offers industrial polluters a chance for exemptions from rules imposed by the Environmental Protection Agency . The EPA has set up an electronic mailbox to allow regulated companies to request a two-year presidential exemption under the Clean Air Act to a host of Biden-era rules. The chemistry council and the petrochemical group say in a letter to the EPA that regulation of the chemical industry is supposed to be based on sound science and “reflect a reasonable assessment of the risks and benefits involved.” “Unfortunately,” the groups write, an EPA rule on air pollution from stationary sources “undermines those important objectives and advances improper and significantly costly requirements on an unworkable timeline.” Costs for the rule's risk-related requirements alone could exceed $50 billion, the groups said, “significantly more than the $1.8 b
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XOM
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- 10/31/25 - Beat
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