New Carbon Costs Signal Obama's Stiffer Stance On Pollution

Law360, New York (June 7, 2013, 8:29 PM EDT) -- The Obama administration recently increased the "social cost" of carbon emissions in crafting federal regulations, a move experts say reinforces expectations that it will take a tough stance when setting emissions standards and assessing the environmental impact of major projects such as the Keystone XL pipeline.

The White House's Office of Management and Budget on May 31 released an update to an interagency method of calculating the social cost of carbon emissions that was first unveiled in 2010. This estimate of the economic damages associated with...
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