00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Trump rolled back Biden-era refrigerant regulations on Thursday at a White House event
00:07with grocery executives and EPA Administrator Lee Zeldin, according to Benzinga. The administration
00:14said the rules had raised the cost of transporting and storing refrigerated goods,
00:19driving up food prices. The EPA finalized revisions to the 2023 technology transitions rule
00:25and proposed changes to the 2024 emissions reduction and reclamation rule,
00:30expanding access to lower-cost refrigerants and delaying compliance deadlines.
00:35Trump said the reforms would save Americans more than $2.4 billion annually.
00:40The White House said supermarkets could save more than $800 million,
00:44transporters up to $1.5 billion, and more than 350,000 jobs would be protected.
00:52Kroger's CEO and a piggly-wiggly franchise owner said the prior refrigerant rules threatened to
00:57impose replacement costs of up to $1.5 million per store and could have driven smaller operators
01:02out of business. For all things money, visit Benzinga.com.
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