{"id":1038,"date":"2023-04-27T13:50:40","date_gmt":"2023-04-27T17:50:40","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/u-s-senate-votes-to-overturn-heavy-duty-truck-emissions-rules\/"},"modified":"2023-04-27T13:50:40","modified_gmt":"2023-04-27T17:50:40","slug":"u-s-senate-votes-to-overturn-heavy-duty-truck-emissions-rules","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=1038","title":{"rendered":"U.S. Senate votes to overturn heavy duty truck emissions rules"},"content":{"rendered":"<div>\n<p>By David Shepardson<\/p>\n<p>WASHINGTON (Reuters) -The U.S. Senate voted 50-49 to overturn Environmental Protection Agency (EPA) rules that aim to drastically cut smog- and soot-forming emissions from heavy-duty trucks but the White House said President Joe Biden would veto the measure.<\/p>\n<p>The bill, which was backed by Republicans and Democratic Senator Joe Manchin, seeks to repeal the Biden administration rule finalized in December. <\/p>\n<p>Republicans argue it was overly challenging to implement, would make trucks cost prohibitive for small business owners, and increase supply chain costs. The White House said the rule &#8220;cuts pollution, boosts public health, and advances environmental justice.&#8221; <\/p>\n<p>Under the Congressional Review Act, a simple majority vote in both chambers of Congress can reverse recently finalized rules. The House of Representatives has not yet voted on the bill.<\/p>\n<p>The new standards, the first update to clean air standards for heavy duty trucks in more than two decades, are 80% more stringent than current standards.<\/p>\n<p>The EPA estimates by 2045, the rule will result up to 2,900 annual fewer premature deaths, 1.1 million fewer lost school days for children and $29 billion in annual net benefits.<\/p>\n<p>Republican Senator Deb Fischer of Nebraska, who is leading the effort to repeal the rule, said it would &#8220;drive up costs for consumers, increase vehicle costs, and hurt good-paying jobs.&#8221;<\/p>\n<p>The new EPA rules target heavy-duty truck and engine manufacturers by tightening yearly emissions limits and changing key provisions of existing rules to ensure emissions reductions in long-term road use. The rules toughen test procedures, regulatory useful life requirements and emission-related warranties.<\/p>\n<p>&#8220;It&#8217;s really important, especially for protecting the health of the 72 million people living near truck freight routes in America,&#8221; EPA Administrator Michael Regan told Reuters in December. <\/p>\n<p>The rule would reduce smog-forming nitrogen oxide (NOx) emissions by as much as 48% by 2045, he added.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/commodities-news\/biden-would-veto-bill-to-overturn-heavy-duty-truck-emissions-rules-3065348\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By David Shepardson WASHINGTON (Reuters) -The U.S. Senate voted 50-49 to overturn Environmental Protection Agency (EPA) rules that aim to drastically cut smog- and soot-forming emissions from heavy-duty trucks but the White House said President Joe Biden would veto the measure. The bill, which was backed by Republicans and Democratic Senator Joe Manchin, seeks to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":791,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[242],"tags":[83],"class_list":["post-1038","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-commodities","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Senate votes to overturn heavy duty truck emissions rules | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By David Shepardson WASHINGTON (Reuters) -The U.S. Senate voted 50-49 to overturn Environmental Protection Agency (EPA) rules that aim to drastically cut\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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