Industrial companies operating in the US are warning that they will face a heavy regulatory burden should US Congress fail to pass climate change legislation.
The companies fear that without legislation, the US Environmental Protection Agency would impose its own rules on greenhouse-gas emissions or states would introduce different carbon pollution regimes.
Peter Molinaro, head of government affairs at Dow Chemical, the largest US chemicals group, told the Financial Times that the proliferation of such initiatives would present “an enormous administrative burden” for companies that operate across different regimes.
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