Its response to Brexit and the pandemic, where it is now threatening emergency powers in order to secure vaccines is a latest throw of the political dice. Even before this development markets were getting the message with capital flight worsening. The only thing that holds the Commission together is the […]

Twelve states have asked a Federal Court to keep federal agencies from using the so-called Social Cost of Greenhouse Gases to calculate the benefits of emission reduction regulations. The new cost estimates, ordered by President Biden on day one, claim enormous distant future damages from today’s emissions of carbon dioxide, […]