Bond.az White LogoBond.az Black Logo

Trump delays Biden refrigerant rules

Trump administration delays Biden-era refrigerant rules to ease costs, EPA says.

Zoe Allen
ByZoe Allen- Senior Editor
|
0

WASHINGTON, May 21 - The Trump administration intends to delay compliance with two Biden-era rules on refrigerants as part of a broader effort to unwind the former president's environmental agenda, EPA Administrator Lee Zeldin said on Thursday.

The actions would affect grocers, semiconductor manufacturers and other companies that use hydrofluorocarbons (HFCs), potent greenhouse gases used in refrigeration and air conditioning systems.

Zeldin said easing the restrictions would reduce costs for consumers, estimating potential savings of more than $2.4 billion.

However, the Air-Conditioning, Heating and Refrigeration Institute criticized the rollback, saying it would raise prices by reducing the supply of existing refrigerants.

More News
Today / 16:41
|
991

Trump Vows to Retrieve Uranium from Iran

Trump vows to retrieve highly enriched uranium from Iran, stating the US will not let Iran keep the material.

0
Today / 14:55
|
857

OPEC+ to raise July oil output by 188,000 bpd

OPEC+ set to raise July oil output by 188,000 barrels per day at June 7 meeting. Impact of UAE exit and Iran war.

0
Today / 11:41
|
342

Nvidia Gets Shrug, IPOs Excite

Nvidia's muted reaction and IPO market excitement.

0
Today / 07:41
|
697

US, Philippines near deal on economic security zone

A senior US official says Washington and the Philippines are close to a deal on an economic security zone under the Pax Silica initiative.

0
Today / 04:31
|
764

Oil Prices Rise on Iran Talks Uncertainty, Inventory Drop

Oil prices rose as Iran peace deal uncertainty and record US inventory drawdowns supported markets. Brent at $105.80, WTI at $99.10.

0
Today / 02:30
|
820

Gold rises on Iran peace hopes

Gold prices rise on Iran peace hopes and bargain buying. Spot gold climbs 0.4% to $4,560.92. Read more on Bond.az.

0
Yesterday / 17:52
|
538

Gold Rises as Dollar Falls on Iran Hopes

Gold prices rise as the dollar weakens on Iran peace hopes. Spot gold up 1.2% to $4,536.56/oz.

0
Yesterday / 16:21
|
546

EU sees 15 billion m³ gas cut potential

The European Commission estimates Europe can cut gas consumption by 15 billion cubic meters through energy efficiency measures.

0
Yesterday / 13:34
|
328

War, drought squeeze US farmers hard

Iran war and drought escalate costs for US farmers, with fuel and fertilizer prices soaring and crop yields shrinking.

0
Yesterday / 10:52
|
271

Nvidia results could shake markets

Nvidia results could shake markets. Fed minutes and bond yields in focus.

0
Yesterday / 03:22
|
456

Xi and Putin to Meet in Beijing for Tea Diplomacy

Chinese President Xi Jinping and Russian President Vladimir Putin to meet in Beijing for tea diplomacy. Bilateral trade and energy issues to be discussed.

0
Yesterday / 00:01
|
957

Oil prices edge lower after US flags progress in Iran talks

Oil prices edge lower as U.S.-Iran talks progress and Hormuz disruptions persist. API data shows huge crude draw.

0
...