EPA Attempts to Limit California Emissions Control, States Sue Back (09.20.19)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 21 September 2019
⏱️ 10 minutes
🧾️ Download transcript
Summary
– The US Environmental Protection Agency is attempting to revoke a waiver allowing California to set its own emissions standards; California and other states sue in an effort to retain control
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Disclosure: Rob Maurer is long TSLA stock & derivatives
The post EPA Attempts to Limit California Emissions Control, States Sue Back (09.20.19) appeared first on TechCast Daily.
Transcript
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| 0:00.0 | Hello and welcome to the Friday September 20th |
| 0:09.7 | 2019 edition of Tesla Daily on Official Tesla Podcast. |
| 0:13.4 | My name is Rob Maower, very quiet news day today, so this will be a pretty quick episode. |
| 0:17.0 | I mainly want to discuss an ongoing battle between individual states and the EPA over emission standards. |
| 0:23.0 | The market's had a tough close to the week today with the NASDAQ finishing down 0.80% for the day. |
| 0:28.4 | Tesla followed behind that down 2.42% to $240.62. |
| 0:34.5 | First off just want to make a note of all the climate strikes that happened around the world today. |
| 0:39.1 | Over 139 countries had participating groups, reportedly over 4,500 different events and millions |
| 0:45.8 | of people participating. |
| 0:47.8 | I'm thoroughly embarrassed to say that I didn't actually know this was happening today, |
| 0:51.3 | but if you are one of the millions of people that took part in a climate |
| 0:53.8 | strike event today, thank you, good for you. Advocacy is very important. |
| 0:59.3 | Today I wanted to give an update on an ongoing situation with the EPA, as well as California and a number of other states |
| 1:05.3 | regarding individual states' rights to set a mission standards that may vary from the federal |
| 1:10.0 | governments. |
| 1:11.0 | I'll preface this by saying that though I am researching it, I don't quite have a full understanding of all the dynamics of this yet, but I still want to put it at least on people's radars because I think this is going to be something that's ongoing for quite a while. |
| 1:22.0 | The essence of the situation from my |
| 1:24.4 | understanding is that back a few months ago the Trump administration proposed less |
| 1:28.5 | stringent emission standards on the federal level and in reaction to that proposal which had not been put into place yet, |
| 1:35.2 | the California Air and Resource Board agreed with four automakers, |
| 1:39.4 | Ford, Volkswagen, Honda, and BMW to still work towards stricter emission standards than what was outlined in the Trump proposal. |
| 1:46.7 | This would then impact other states as well that also utilize the California Air and Resource Board's emission standards as a framework for their own states, and at the time it was assumed that other automakers would sign on to this agreement as well. |
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