EPA-Mandated CO2 Reductions Will Lower U.S. Industries' Return on Equity
The global warming policy debate is increasing the calls forreduction of carbon-dioxide and other greenhouse-gas emissions. The proposal to allow the EPA to broadly regulate emissions under theClean Air Act will impose higher costs on U.S. industries, leadingto slower economic growth and lower employment. This will causedecreased productivity of U.S. industries and lower returns onequity.