GOP Senators Seek White House Answers on Social Cost of Carbon

A group of nine Republican senators called on a White House panel Thursday to divulge the ways its pending social cost of carbon rule could affect federal decision making, budgeting, and procurement.

The lack of transparency from the interagency working group has left Congress, businesses, and state and local governments in the dark on potential impacts to the economy and labor market, according to the letter reviewed by Bloomberg Law and led by Sen. Shelley Moore Capito (R-W.Va.), the ranking member on the Senate Environment and Public Works Committee.

The social cost of carbon is the estimated cost to society ...