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EPA emissions rollback a hit to climate, innovation

Hybrid Range Rover model and charging station at car show
The Land Rover plug-in hybrid Range Rover Sport at the AutoMobility LA show in November 2017. Photo: Kevork Djansezian/Getty Images

EPA Administrator Scott Pruitt announced last week his intention to scrap Obama-era plans to increase emissions standards. According to the Natural Resources Defense Council, the higher standards were projected to save over 2 million barrels of oil per day, and to cut $1 trillion in fuel costs and 5 billion metric tons of emissions by 2030.

Why it matters: Abandoning the standards increase means the U.S. will fall behind the rest of the world in transportation innovation just as China moves forward with tighter standards, leaving American companies excluded from the world's largest automobile market.