Friday, September 16, 2011

Green Ink: EPA Ruling Energizes Copenhagen, Horrifies Business - Environmental Capital - WSJ


In Copenhagen, the big news was the U.S. EPA’s endangerment ruling, which gives the Obama administration executive authority to regulate greenhouse-gas emissions. The ruling could give President Obama more firepower when he comes to the climate summit, in the Financial Times. It also wins plaudits from European leaders, who see the move as a way to lubricate negotiations, in the NY Times. The ruling finalizes months of deliberation by the EPA, but questions still remain over just what the agency could regulate, in the WSJ. Or if it even wants to: “EPA regulation is no one’s preferred outcome — not even the EPA’s. Jackson said her agency and other administration officials would still prefer if Congress acted before they did,” notes the Washington Post. Of course this is par for the course to have the business-friendly Wall St. Journal noting business concerns above the need to address damage business does to the environment.