1 00:00:00,040 --> 00:00:02,360 Speaker 1: Well, now it's time for our daily Bloomberg Law Marief, 2 00:00:02,440 --> 00:00:05,640 Speaker 1: exploring legal issues in the news, and Today Bloomberg, Lahosting 3 00:00:05,680 --> 00:00:09,080 Speaker 1: Grosso and Michael Best discussed President Trump's move to roll 4 00:00:09,160 --> 00:00:13,160 Speaker 1: back several Obama era climate rules. They speak with Charles Warren, 5 00:00:13,160 --> 00:00:15,800 Speaker 1: a partner at Kramer Levin nuf Talas and Frankel and 6 00:00:15,840 --> 00:00:20,960 Speaker 1: Patrick Parento, a professor at Vermont Law School. Pat The 7 00:00:21,000 --> 00:00:25,279 Speaker 1: executive order the President's signed is entitled Promoting Energy Independence 8 00:00:25,360 --> 00:00:28,840 Speaker 1: and Economic Growth. What will this order do to promote 9 00:00:28,840 --> 00:00:32,519 Speaker 1: American energy independence? The order can be broken down in 10 00:00:33,159 --> 00:00:35,839 Speaker 1: three parts. One is the immediate effect, which is to 11 00:00:36,000 --> 00:00:41,040 Speaker 1: repeal many of the Obama administration policies and guidance with 12 00:00:41,159 --> 00:00:45,400 Speaker 1: regard to reducing carbon pollution that's causing climate change and 13 00:00:45,440 --> 00:00:50,480 Speaker 1: also preparing for the already evident impacts of climate change. 14 00:00:50,479 --> 00:00:53,560 Speaker 1: So those those things that were not formal rules were 15 00:00:53,560 --> 00:00:55,680 Speaker 1: wiped off the books with a stroke of a pen. 16 00:00:55,840 --> 00:00:58,920 Speaker 1: The other thing, of course, is that he directed all 17 00:00:58,960 --> 00:01:01,240 Speaker 1: of the agencies of were meant to look at their 18 00:01:01,280 --> 00:01:04,880 Speaker 1: their rules, policies, procedures and and see which ones are 19 00:01:04,880 --> 00:01:08,160 Speaker 1: standing in the way of production of domestic energy, with 20 00:01:08,200 --> 00:01:12,200 Speaker 1: an emphasis of course, on oil, gas, coal, and nuclear 21 00:01:12,560 --> 00:01:16,479 Speaker 1: and only slight mention of renewables and other resources. Check 22 00:01:16,800 --> 00:01:20,679 Speaker 1: what do you consider to be the most hurtful to 23 00:01:20,880 --> 00:01:26,440 Speaker 1: the environment of all these possibilities. Well, I think if 24 00:01:26,440 --> 00:01:30,280 Speaker 1: you look at the rules, obviously the Clean Power Plan, 25 00:01:30,360 --> 00:01:34,640 Speaker 1: if it were to be overturned, that could be extremely hurtful. 26 00:01:35,400 --> 00:01:39,319 Speaker 1: And then the methane rule and the flaring of methane. 27 00:01:39,760 --> 00:01:43,120 Speaker 1: And also you know, now they're they're looking at the 28 00:01:43,720 --> 00:01:45,720 Speaker 1: One of the things that they can do right away 29 00:01:46,000 --> 00:01:49,240 Speaker 1: is the Oboma administration had basically said you have to 30 00:01:49,320 --> 00:01:52,320 Speaker 1: consider the effects of climate change in all kinds of decisions. 31 00:01:52,400 --> 00:01:54,200 Speaker 1: Now that's going to be reversed. But I think that, 32 00:01:54,360 --> 00:01:56,560 Speaker 1: as Pat said, a lot of this stuff you don't 33 00:01:56,600 --> 00:01:58,440 Speaker 1: really know if it's going to happen. One of the 34 00:01:58,520 --> 00:02:02,520 Speaker 1: things though, that you oh no, is the effects of 35 00:02:02,600 --> 00:02:05,800 Speaker 1: these actions, if you look at them on an international sense, 36 00:02:06,240 --> 00:02:09,919 Speaker 1: could really sort of slow the momentum from the Paris 37 00:02:10,560 --> 00:02:15,040 Speaker 1: Climate Accords and give countries like India, which is really 38 00:02:15,080 --> 00:02:20,480 Speaker 1: becoming one of the biggest greenhouse gas admitters, could really 39 00:02:20,720 --> 00:02:23,640 Speaker 1: take advantage and say, well, the United States looks like 40 00:02:23,680 --> 00:02:27,400 Speaker 1: they're not really too interested in pursuing these uh climate 41 00:02:27,480 --> 00:02:30,560 Speaker 1: change goals, and so I think, you know, we're an 42 00:02:30,560 --> 00:02:32,720 Speaker 1: emerging economy and we may have to put some of 43 00:02:32,720 --> 00:02:36,040 Speaker 1: that on the back burner. That's Charles Warren, a partner 44 00:02:36,080 --> 00:02:39,280 Speaker 1: at Kramer Levin, Left, Talas and Frankel, and Patrick Parento, 45 00:02:39,440 --> 00:02:42,720 Speaker 1: a professor at the Vermont Law School, speaking with Bloomberg Laho, 46 00:02:42,720 --> 00:02:45,280 Speaker 1: Ston Grasso, and Michael Best. You can listen to Bloomberg 47 00:02:45,400 --> 00:02:47,920 Speaker 1: Law weekdays at one pm Wall Street Time here on 48 00:02:47,960 --> 00:02:51,360 Speaker 1: Bloomberg Radio and Now. Among the top legal stories from 49 00:02:51,400 --> 00:02:54,160 Speaker 1: Bloomberg Law, Win Resorts has sued the former wife of 50 00:02:54,200 --> 00:02:56,960 Speaker 1: founder and chairman Steve Win. The suit accuses e Latin 51 00:02:57,000 --> 00:03:00,040 Speaker 1: Win of secretly letting her lawyer's copy hard drives in 52 00:03:00,080 --> 00:03:02,840 Speaker 1: the company's computers when Resort says it was part of 53 00:03:02,840 --> 00:03:05,200 Speaker 1: her attempt to get out of an agreement that ties 54 00:03:05,280 --> 00:03:07,840 Speaker 1: up for billion dollar stake in the casino operator. A 55 00:03:07,919 --> 00:03:10,360 Speaker 1: lawyer for Elaine Win says the company is wasting the 56 00:03:10,360 --> 00:03:14,280 Speaker 1: courts time with the suit and us this morning's Bloomberg 57 00:03:14,360 --> 00:03:16,720 Speaker 1: Law Brief. You can find more legal news at Bloomberg 58 00:03:16,800 --> 00:03:20,400 Speaker 1: Law dot com and Bloomberg na dot com. Attorneys will 59 00:03:20,400 --> 00:03:23,800 Speaker 1: find exceptional legal research and business development tools there as well. 60 00:03:24,280 --> 00:03:27,440 Speaker 1: Visit Bloomberg Law dot com and Bloomberg Vienna dot com 61 00:03:27,880 --> 00:03:29,200 Speaker 1: for more information.