Climate Change Uncertainty Leads To Inaction

Law360, New York (February 20, 2009, 12:00 AM EST) -- Congress is expected to pass a cap-and-trade bill to fight climate change some time within the next couple of years. Many companies are tentatively planning for that contingency – but very few are actually taking steps to reduce their emissions, in large part because of uncertainty over what form the legislation will take.

In the “do-nothing” crowd are companies that feel climate change is not an important issue and those that feel a cap-and-trade program would hurt their competitiveness, according to Steve Ramsey, a former vice...
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