By Audrey Streb

The Trump administration is moving to scrap an Environmental Protection Agency (EPA) program projected to save American businesses up to $2.4 billion in regulatory costs, according to the agency.

EPA Administrator Lee Zeldin proposed a rule Friday to eliminate the Greenhouse Gas Reporting Program (GHGRP), which requires certain companies and facilities to report their greenhouse gas emissions data and “other relevant information,” according to the agency. The Daily Caller has the story.

This marks the latest deregulatory move from Zeldin, who on July 29 proposed rolling back the 2009 Endangerment Finding, which energy sector experts have explained to the Daily Caller News Foundation previously is a cornerstone Obama-era regulation that has been used to impose draconian rules on power plants.

“Alongside President Trump, EPA continues to live up to the promise of unleashing energy dominance that powers the American Dream. The Greenhouse Gas Reporting Program is nothing more than bureaucratic red tape that does nothing to improve air quality,” Zeldin said on Friday.

“Instead, it costs American businesses and manufacturing billions of dollars, driving up the cost of living, jeopardizing our nation’s prosperity and hurting American communities. With this proposal, we show once again that fulfilling EPA’s statutory obligations and Powering the Great American Comeback is not a binary choice.”

Read the full story here.