Articles have been in the news (one in the WSJ today 4/16/09) on the potential carbon and greenhouse gas endangerment finding that EPA will soon finalize. The primary significance for energy companies, and other sectors, is that once EPA characterizes carbon and GHGs as endangering public health, this provides the reasoning for climate change legislation. This paves the way for Obama's and Congress' proposals to move further. This firms the chance and potentially accelerates the schedule of climate change legislation. Without the endangerment finding, there was no scientific backing to support the need for regulation. We exhale carbon dioxide as we breath. Carbon has been around us forever. Why now would carbon suddenly be dangerous. It's through the intermediate effect of climate change that scientists now deem carbon as endangering public health.
Well, we are all waiting for EPA to pen their final signatures, the John Hancock, to the finding. Endangerment done, climate change legislation here we come.
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