Tackling Climate Change During Economic Turmoil

Law360, New York (January 13, 2009, 12:00 AM EST) -- President Barack Obama has pledged to push climate change toward the top of his 2009 agenda. He will have support from leaders of the 111th Congress, who are expected to introduce comprehensive climate change legislation.

Yet recent turmoil in the global markets and the prospect of a prolonged economic slowdown have some lawmakers questioning whether the time is right to curb emissions of greenhouse gases (“GHG”).

Such restrictions will likely increase compliance costs for businesses and raise energy prices for consumers, many of whom are already...
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