Trump’s Properties Could Thrive With Proposed Budget Cuts To the EPA

The Trump administration plans to cut more funding from the Environmental Protection Agency, but this time the cuts would end up benefitting the president’s property assets.

If the budget cuts pass, it will ultimately defund the Energy Star Program. The Energy Star Program was founded 1992 to save energy and cut greenhouse gas emissions. It also provides a rating on energy efficient hotels, condominiums and office buildings.

Most of Trump’s properties tend to be rated low on energy efficient according to the Energy Star Plan except for two buildings. The most recent scores from 2015 reveal that 11 of his 15 skyscrapers in New York, Chicago and San Francisco are less energy efficient than most comparable buildings, according to CNN. On a scale of 1 to 100 for energy efficiency, Manhattan’s old Mayfair Hotel, which Trump converted into condos, rated a 1.

There has not been any comment from the Trump Organization or the White House on defunding the Energy Star Program. However, more than a thousand U.S. companies urged congress this week to preserve the program this week.

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Image provided by: Consumers Union. The image shows the accomplishments of the Energy Star Program since being founded in 1992. 

 

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Fuel Efficiency Rules for Auto Industry Might Be Revised

As President Trump seeks to change environmental policies put in place by the Obama Administration, the auto industry might be next on the president’s agenda.

During the previous administration, regulations were put in place to make sure that cars would become more fuel efficient and better protect the environment. The previous administration’s rule was to increase fuel economy to 54.5 mpg for cars and light-duty trucks by model year 2025.

The auto industry felt like the standards were too strict and asked Trump to revisit the regulations. Trumps plans on directing the Environmental Protection Agency to revisit the regulations because he thinks revising the regulations could create more jobs for the auto industry.

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The graph show how Obama’s fuel efficiency regulations would benefit consumers and the environment. Image provided by whitehouse.gov.

Trump’s Executive Order Focuses on Jobs, Not Climate Change

On Tuesday, President Trump signed an executive order at the Environmental Protection Agency that decreases the federal government’s enforcement of climate regulations while putting jobs over climate change.

A White House official briefed on the plan said Monday the administration believes the government can both “serve the environment and increase energy independence at the same time” by urging the EPA for focus on what the administration believes is its core mission: Clean air and clean water.

While the White House said its core mission is clean air and clean water, President Trump said he would work on bringing coal jobs back. It is unclear how he will increase coal jobs since coal mining has decreased with the rise of clean energy.

 

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The decline in U.S. employment and consumption of the coal industry. Image provided by: Bloomberg.