U.S. clears way to regulate greenhouse gases

by EverythingFinance | April 20, 2009 at 07:03 am
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WASHINGTON (Reuters) - The Obama administration opened the way to regulating U.S. greenhouse gas emissions on Friday by declaring climate-warming pollution a danger to human health and welfare, in a sharp policy shift from the Bush administration.

Environmental activists and their supporters in Congress were jubilant and industry groups were wary at the news of the U.S. Environmental Protection Agency’s move. The White House said President Barack Obama would prefer legislation over administrative action to curb greenhouse emissions.

Congress is already considering a bill to cut emissions of carbon dioxide, which is emitted by cars, coal-fired power plants and oil refineries, among other sources.

EPA’s declaration was seen as a strong signal to the international community that the United States intends to seriously combat climate change.

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