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New paper by EPA recognizes risk is a probability range.
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Walmart issues new product disclosure and ban rules.
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EPA responds a little positively to hydraulic fracturing TSCA petition.
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Obama postponed the revision to the ozone standard today. It’s the right move for now.
Everyone wants clean air. The questions are how much it costs and who pays? We have a convoluted accretion of decades-long regulatory mechanisms that have very high costs to companies in pollution control and compliance (that require resource reallocation away from income-generating production) and high costs to state governments (i.e., state taxpayers) to implement ozone control programs. Postponement while we work our way through this recession is realistic. -
Note the federal government new hires to write and support new regulations in the last year and a half. Unfortunately, notice how all the states have to implement these new regulations and the thousands of companies who have to comply aren’t keeping up. Maybe because the latter aren’t able to print money to hire new people (or consultants). They have to reallocate resources to meet these new requirements. Hopefully, employees and dollars are being pulled from less beneficial activities…..
