FinSoul: EPA gives Obama a boost for Copenhagen climate summit.

Dec. 8, 2009 - PRLog -- With the Copenhagen climate change summit underway, FinSoul has learned that the U.S.’s EPA has just declared that greenhouse gasses are a health hazard, thereby strengthening Barack Obama’s bargaining hand to push for a meaningful deal at what is considered a make-or-break meeting.

The new ruling would allow the agency to use the Clean Air Act to regulate emissions of carbon dioxide and the 5 other greenhouse gasses, fundamentally making the climate change legislation currently deadlocked in the U.S. Senate, unnecessary.

Environmental groups have reacted positively to the news saying that the ruling will give the U.S. president the moral authority to drive hard for a carbon reduction deal at the summit in which 192 nations are participating.

FinSoul believes that Greenpeace international was quoted as saying, “President Obama's [EPA] decision today sends an important signal to the Copenhagen Climate Summit that the President can act, regardless of whether Congress passes legislation to cut greenhouse gases.”

The EPA’s move has met fierce condemnation from many industrial and business groups who said any new regulatory changes would destroy jobs, increase the price of energy and be hugely expensive to administer.

FinSoul understands that the Prime Minister of the host nation, Lars Rasmussen has urged countries to compromise to achieve one of the most important agreements in the world’s history, saying, “The political resolve to forge a global deal is manifest, differences can be overcome if the political will is present. I believe it is.”

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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.