Their defection opens a rift between companies that fear billions of dollars in higher operating costs and those moving now to tackle the challenges posed by stricter laws against carbon emissions.
Collectively, the climate change legislation that passed the U.S. House of Representatives in June could cost $566 billion, or 0.3%, of gross domestic product between 2012 to 2030, if it becomes law, according to the U.S. Energy Information Administration. See EIA report.
The higher costs from emissions caused by making and burning fuel and generating electricity may not be shared equally by utility firms or other polluters, igniting efforts from a growing list of stakeholders to focus on a newer climate change measure working its way through the U.S. Senate.
Friday, October 16, 2009
Utilities split on climate legislation
via marketwatch.com
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment