Obama orders review of US greenhouse gas regulations
President Barack Obama issued an executive order Tuesday(1/18/2011) to launch a government-wide review of rules that may stifle economic growth, including those issued by the Environmental Protection Agency (EPA). The president’s announcement, made in an opinion piece in the Wall Street Journal, came as some conservative lawmakers and major business leaders have vowed in the new Congress to push back against what they call “excessive” federal regulations.
Just last week, the Chamber of Commerce – the largest national business lobby – warned that excessive environmental and financial regulations threatened US businesses. And earlier this month, Republican Congressman Darrell Issa sent letters to over 150 business leaders asking them to identify federal regulations they felt were excessive or intrusive. There are at least a half-dozen bills that have been floated in both chambers of Congress that aim to suspend or delay the EPA’s greenhouse gas regulations.
Obama said he wants federal agencies to review “rules already on the books to remove outdated regulations that stifle job creation and make our economy less competitive”. “It’s a review that will help bring order to regulations that have become a patchwork of overlapping rules, the result of tinkering by administrations and legislators of both parties and the infl uence of special interests in Washington over decades,” Obama wrote.
Source: Carbon Market North America