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CO2 regulation could hit 1 million U.S. firms

The prospect of U.S. regulation of climate-warming carbon dioxide has sparked a pre-emptive outcry from the Chamber of Commerce, which warned of bureaucratic gridlock if proposed limits are put in place.

In a report to be released on Tuesday, the pro-business organization projected such regulation would affect more than 1 million U.S. businesses and create such a regulatory backlog that it could stall economic development.

But a former Environmental Protection Agency attorney who now works for the Natural Resources Defense Council advocacy group said such talk is an effort to fan hysteria and avoid regulation. Read more

Source: Reuters