Carbon regulation block unlikely to get past President
A congressional move to prevent US Environmental Protection Agency (EPA) regulation of carbon emissions is unlikely to get past President Barack Obama, but the bipartisan protest indicates legislators want extra time to formulate their own climate change policy.
Alaskan senator Lisa Murkowski, the ranking Republican on the Senate Energy and Natural Resources Committee, introduced a disapproval resolution last week under the Congressional Review Act. It was co-sponsored by 35 Republicans and three Democrats, and aims to prevent the EPA from regulating greenhouse gases under the Clean Air Act.
Speaking at a media briefing last week, Jason Patrick, vice-president, carbon markets, global commodities at Bank of America Merrill Lynch, was skeptical about the
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