What The EPA's Ruling Means For Business
"The decision on CO2 emissions is likely a boon for cleantech; critics fear huge risk to the U.S. economy.
The Environmental Protection Agency ruled today that carbon dioxide, a suspected cause of global warming, is an air pollutant that it is legally bound to regulate, a decision likely to have a vast impact on the U.S. economy and the way American companies do business. It is also a boon for cleantech, and may turn investors away from carbon intensive industries for good.
Lisa Jackson, the EPA administrator, signed a so-called endangerment finding, stating that carbon dioxide and five other products of fossil fuel combustion are harmful to both the environment and to human health. As a result, the EPA could begin regulating automotive CO2 emissions as soon as June. The ruling also gives the EPA broad power to regulate greenhouse-gas emissions from industry and electric power utilities for the first time."
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