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'The fuse is longer than media coverage may suggest,' Book said in a note to clients Monday. The entire process of rolling out new regs — and perhaps developing a tradable credit system for utilities to comply — could take years.'
Obama’s climate plans to be decided by courts: The Financial Times reports: 'Business groups have already signalled they intend to fight against new emissions regulations. 'We don’t think that the Clean Air Act is the right way to do this. Climate policy should be decided by Congress, and in co-operation with other nations'
Some climate activists not expecting much from Obama: 'But other climate advocates are more skeptical about Obama's timing and overall intention. One said that the administration has already delayed the rules for both new and existing power plants, both of which have been promised by EPA. This advocate, who asked not to be named, believes the president is trying to please his base before approving, potentially, the Keystone XL pipeline, which is detested by many environmentalists. The advocate is also concerned that Obama might not fulfill the promises he announces tomorrow.'
By: Marc Morano - Climate DepotJune 24, 2013 8:06 PM
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