06 Apr '11, 5pm

Investors Lobby Congress in Support of EPA: As the agency's authority to regulate emissions comes under attack,

Investors Lobby Congress in Support of EPA: As the agency's authority to regulate emissions comes under attack,

Last week, a coalition of 44 investors with $546 billion in assets under management wrote to the leaders of the U.S. Senate, urging them "to allow the U.S. Environmental Protection Agency (EPA) to move forward with its greenhouse gas (GHG) regulations and to oppose any constraints on EPA's authority to do so." The letter comes at a time when one of its recipients, Republican Senator Mitch McConnell of Kentucky, has introduced an amendment to a small business bill that would strip EPA of its authority to regulate GHG emissions, despite a 2007 Supreme Court ruling that explicitly authorized EPA to do so under the Clean Air Act . Citing its authority under the Clean Air Act, EPA established regulations that require large facilities emitting more than 25,000 tons of GHG emissions a year to obtain permits demonstrating that they are using the best practices and technologies to ...

Full article: http://www.greenbiz.com/news/2011/04/06/investors-lobby-c...

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