Two federal appeal courts (Fifth and Second Circuits) have issued decisions that will allow lawsuits to proceed that assert common law tort claims based on business contribution to climate change. Comer v. Murphy Oil USA Inc. is the second decision in the last two months to allow claims to proceed. Earlier in October, the
Expert Environmental Traders Discuss Climate Bills
The past two days I have been in Houston at the Environmental Markets Association (EMA) fall conference. If you are not familiar with the EMA, it is an organization that supports the use of market-based solutions to environmental issues. The members are largely made up of consultants, traders of environmental credits and project developers.
Cap and Trade: Job Killer or Call to Action for Coal Dependent States
Ohio faces a two headed hydra when it comes to the impact of the proposed cap-and-trade bill in Congress- the American Clean Energy and Security Act of 2009 (ACES):
- Ohio generates almost 90% of its energy from coal;
- Manufacturing represents one the largest employment sectors in Ohio (ranking 3rd nationally with 1.1 million workers as
Climate Change Legislation Moves Forward, But Major Issues Remain
The American Clean Energy and Security (ACES) Act of 2009 has cleared one hurdle through passage by the House Energy and Commerce Committee. The bill now makes its way through at least two more House Committees before a floor vote will occur. The House leadership has set an aggressive time frame for passage, Speaker Pelosi has…
Major Overhaul to House Climate Change Legislation
Representatives Waxman and Markey released their much anticipated re-write of their proposed cap and trade climate legislation earlier this week. Much speculation has been offered in the media that the bill had no chance of passing as it was originally structured, if it had any chance at all.
Well, there has apparently been a lot…
With the “Fuse Lit” Climate Legislation Bogs Down in Congress
Democratic leaders of the US House Energy and Commerce Committee agreed to hold another hearing on climate change legislation on May 1. As discussed by commentators with the Environmental Markets Association, some Washington Insiders believe this announcement is a clear indication the Waxman-Markey Climate Legislation won’t make it.
Republican have hammered home the unknown costs of the proposal…