https://www.pbs.org/newshour/economy/treasury-secretary-yell...
They will probably defer to the EPA, who will make a regulation based on their suggestion. This allows them to bypass congressional oversight at least until someone very rich manages to bring the case in front of the supreme court. Extremely common unfortunately.
And also change the constitution right?
Of course it could imply that it needa to go through certain channels but no one should assume that it literally meant 'the president will now say x and now x is the law'.
We’re only talking about executive action because congress isn’t interested though.
Congress has delegated broad authority to the President with respect to energy, environment and financial services.
Honestly, would Congress itself even have that power?