Trump slashes Biden-era fuel standards, climate study retracted | NY POSTcast - video Dailymotion

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00:00President Trump is repealing a whole host of vehicle fuel efficiency standards from the Biden

00:06era, something that he has long blasted as a, quote, EV mandate. We're officially terminating

00:11Joe Biden's ridiculously burdensome, horrible, actually, cafe standards that imposed expensive

00:17restrictions and all sorts of problems, gave all sorts of problems to automakers. Under Biden,

00:24cars and light trucks were required to get 50 miles per gallon of gas by 2031. President Trump

00:30cut that standard back to 34 miles per gallon. The administration says that the change is aimed

00:35at easing the cost of living for Americans. Biden's rule would basically force automakers to take a

00:40loss on electric vehicles and make up for it by charging more for gas-powered cars. So Trump's

00:46move should bring down the cost of cars across the board. Obviously, less miles to the gallon means a

00:52higher bill at the pump. But as I mentioned yesterday, gas prices at the moment are pretty

00:56low. Ford CEO Jim Farley, one of many automakers to weigh in on the change, said in a statement,

01:02quote, we can make real progress on carbon emissions and energy efficiency while still

01:07giving customers choice and affordability. And there's that word again. And speaking of easing

01:12climate restrictions, the scientific journal Nature has retracted an influential paper that

01:18overestimated the economic toll of climate change. The report was used by central banks to help set

01:23policy and regulations. And now they're all going to have to go back to the drawing board because the

01:30three scientists who worked on and published the paper last spring now say it has, quote,

01:35substantial issues. The article estimated a massive 62% drop in global economic output by the year

01:432100 if carbon emissions were not curbed. But another team of researchers found that the data

01:49used to come up with that number was skewed by problems with data for Uzbekistan. When those numbers

01:56were removed, the number went from 62% to 23%. Carbon emissions are still an issue, and that 23% could

02:04still have impacts across the globe, but not nearly as catastrophic as 62%. Unfortunately, as I mentioned,

02:12the bad data was used by central banks from around the world to model climate change's financial

02:16impacts. And who looks to those central banks for financial guidance? Businesses, like the kind

02:22that build infrastructure, the costs of which usually are passed on to customers and consumers like you

02:28and me. So yay for that. The authors of the original paper plan to go back and correct the errors before

02:34releasing a new version. The central banks, meanwhile, say that they will continue to adjust modeling based on

02:39new research and will publish their own long-term scenarios late next year.

02:45Malaysia's Transport Ministry said that it's resuming a deep-sea hunt for the remains of Malaysia Airlines

02:51Flight 370. Do you remember this one? It was the plane carrying 239 people that mysteriously

02:59disappeared from radar on March 8, 2014. Vanished, quite literally, out of thin air. Satellite data at the

03:07time showed that the plane made a drastic turn off of its flight path, which made no sense, and headed

03:13south to the far southern Indian Ocean, where it's believed to have crashed. A year after its

03:18disappearance, debris thought to be part of the plane washed up on the remote Reunion Island that's east of

03:24Madagascar. There were a ton of conspiracy theories around this disappearance. Like I said, none of this made

03:31a lick of sense. My favorite theory, by far, which is absolutely probably not possible, is that the

03:38pilots flew to a remote island and landed the plane and that all the passengers are living a real-life

03:44episode of Lost. But authorities still believe the most likely scenario is a crash in a wide expanse of

03:51open water off the west coast of Australia. U.S. marine robotic company Ocean Infinity will search the ocean

03:58floor across 5,800 square miles beginning on December 30th. If they find anything, they'll be

04:04paid 70 million bucks by the Malaysian government. If they find nothing, they get nothing.

04:12For more on these stories and everything else you could possibly want to know, check out the New York

04:17Post in print or online. And don't forget, like and subscribe to the New York Postcast wherever you

04:22get your podcasts and on YouTube. I promise you'll be glad you did.

Trump slashes Biden-era fuel standards, climate study retracted | NY POSTcast

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