FinSoul: The U.S’s Environmental Protection Agency may be barred from regulating emissions.

Feb. 9, 2010 - PRLog -- FinSoul has been informed of another attack on the EPA’s ruling that it is able to govern greenhouse gas emissions under the Clean Air Act, with two House representatives saying that Congress, not “unelected bureaucrats,” should have control of setting environmental policy.

It is understood that the EPA made regulation under the current air pollution laws possible late last year when it ruled that greenhouse gases endanger human health. This ruling enables the EPA to act as soon as March to offer carbon emission regulations.

Efforts are currently underfoot in both chambers of Congress to prevent the EPA from moving ahead, but Congress decisions on legislation usually take a number of moths.

The new bill, which sources known to FinSoul say would face tough opposition in Congress and will possibly even be opposed by Barrack Obama, seeks not only to prevent the EPA regulation of the 6 gases blamed for global warming but also to remove to obstacles in the path of greater use of biofuels.

The bill seeks to prevent the EPA, when it calculates if biofuels are indeed cleaner than fossil fuels, from holding U.S. fuels responsible for forest clearing and cropland expansion overseas, which are also directly responsible for global warming.
"I have no confidence that the EPA can regulate greenhouse gases under the Clean Air Act without doing serious damage to our economy,” FinSoul believes the Agriculture Committee Chairman  and co-sponsor of the bill was quoted as saying.

At the UN’s January 31 deadline for developed nations to pledge their commitment to cut emissions under the Copenhagen accord, the U.S. pledge was seen as one of the weakest, with only a 17% reduction on 2005 levels by 2020, fuelling speculation that the world’s largest carbon emitter has no intention of leading in the fight on climate change.

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FinSoul structures and guides greenhouse gas emission reduction projects from beginning to end, working with both project developers and buyers of emission reduction credits.