The North Pole is melting faster than anyone had predicted, but there's also a thaw in Washington DC. For seven years, the Bush/Cheney administration has consigned any talk of mandatory carbon limits to the deep freeze, while pressuring government scientists to water down evidence of climate change.

Suddenly, though, the mood in the nation's capital is changing. It could be incontrovertible evidence that climate change is happening. Or it could be the parade of executives from companies like GE, General Motors and Duke Power, who have formed a lobby, called US-Climate Action Partnership (US-CAP), and are telling Congress that limits on greenhouse gasses are necessary.

Whatever the reason, Congress appears heading towards legislating mandatory carbon caps. And it's not just Democrats. Sens. Joe Lieberman (I-Conn.) and John Warner (R-Va.) are submitting a bill that calls for caps and for a carbon-trading regime. And Senate Environment and Public Works Committee Chair Barbara Boxer (D-Calif.) is vowing to shepherd it to passage.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.