President Obama Issues Ambitious Climate Action Plan

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On June 25, President Obama released his Climate Action Plan. The Plan is long on aggressive goals and short on details, but clearly will impact businesses in a number of economic sectors. The Plan revolves around three high-level goals, with specific objectives for each goal. This Client Alert concentrates on those objectives most directly relevant to businesses.

Goal 1 - Cut Domestic Carbon Pollution:

The central pillar of this aspect of the Plan is a directive to the U.S. Environmental Protection Agency (EPA) to set emission standards for greenhouse gases generated by power plants. In a companion memorandum to EPA, the Plan sets deadlines for these standards...

Please see full alert below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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