Dispute Over Carbon’s ‘Social Costs’ Could Delay Oil Leases, U.S. Says

The Biden administration is appealing a federal-district court ruling in Louisiana that it says could delay lease sales and permits for oil-and-gas drilling on federal lands.

At issue is the Biden administration’s attempt to adopt a sevenfold increase in a metric called the social cost of carbon, which assigns a dollar value to the harm caused by greenhouse gas emissions.

This post first appeared on wsj.com