If this plan survives inevitable court challenges, there will be an opportunity for EPA to move this model on to other sectors such as agriculture, particularly animal agriculture and confined feeding operations.
One of President Obama's unfulfilled goals during his first term was to implement an economy-wide cap and trade system for greenhouse gas emissions. That effort failed to result in the sought-after legislation. The administration then again last summer exerted an all-out effort to publicize climate change as well as carbon and greenhouse gas issues. That was partially interrupted by a government shutdown. EPA today issued the administration's "Clean Power Program," following what even the agency calls "an unprecedented outreach...
Key Takeaways: Milk alone has not covered the full economic cost in any year since 2021: milk revenue fell short by $4.50, $2.15, $6.50, $1.27 and $2.34 per hundredweight in 2021 through 2025. Calf and cattle prices decided whether dairies cleared cost: cattle and other income lifted total rev...
Key Takeaways: Dry bulk markets are mixed with Capesize rates seeing solid gains while Panamax values slipped on a growing tonnage list. Supramax and Handysize vessels were stronger, though all sectors remain vulnerable to the seasonal dip in rates through Q4 and into Q1. Falling water l...
What You Need to Know Today: The Federal Reserve held interest rates steady at 3.75 to 4.0 percent Wednesday, with two officials dissenting in favor of a 25-basis-point increase. The Fed upgraded its assessment of economic growth from "solid" to "strong" but adopted a more patient approa...
