The Perfect Storm: Congress, EPA and the Courts Tackle Climate Change
It is uncertain whether the specter of EPA regulation of GHGs and/or potential litigation-driven control of major sources of GHGs will prompt swing senators to support the Kerry-Boxer legislation. It is certain, however, that companies and institutions involved in climate change at all levels, from electric utilities to building owners, from financial institutions to industrial facilities, will face consequences flowing from one or more of these developments. Rarely have all three branches of the federal government acted on an issue as important as climate change in such a concentrated timeframe. In this Climate Alert we discuss the legislation, the Agency's proposed regulations, and the Second Circuit decision (and two subsequent federal decisions), and identify some of the more critical ramifications and key action items to the wide range of interested entities.
To read the full alert, please click on the attached PDF.