The U.S. Environmental Protection Agency released a series of guidelines regarding greenhouse gas emissions regulations for states in an attempt to allay business fears of excessive regulatory control by the federal government set to go into affect this January.
In attempt to provide states with more discretion toward the regulations, the guidelines require states to employ the "best available control technology" in order to limit emissions - a phrase left to states' own interpretations on a case-by-case basis.
"EPA is going to show that dealing with greenhouse gas emissions is not the bogeyman portrayed by opponents of clean air controls," Frank O’Donnell, president of the Washington-based environmental group Clean Air Watch, told BusinessWeek.
Although the intent behind the EPA's guidelines is to reassure businesses, opponents fear the regulations will hurt the economy by placing new financial and regulatory obligations on companies already strapped by a weak economy.
The state of Texas is one of the louder opponents to the federal measure, arguing for a complete abolition of the rules. As a regulatory incentive, state businesses believe the laws will prevent the launching of new LLCs and corporations in Texas.
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Posted: Nov 10th, 2010