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California Set To Launch Ambitious Cap And Trade System As Federal Efforts On Pollution Control Falter Jan 11
Standard & Poors, Jan 2011
Abstract
The big news for U.S. carbon policy in 2011 is that some states are taking the lead from the federal government in enacting legislation to limit carbon emissions and other greenhouse gases, volunteering themselves as a laboratory for a regulatory experiment that, nationally, has been put on hold, according to Standard & Poor's Ratings Services. Just two years ago federal carbon legislation looked imminent. Today, however, we believe that national efforts to pass carbon cap and trade legislation do not appear likely to succeed. In our view, this has allowed some states to move ahead with their own carbon reduction initiatives. In recent months, several have announced plans for cap and trade programs to reduce greenhouse gas emissions. At the...
Companies mentioned in this report are: Sacramento Mun Util Dist,BP PLC,Pacific Gas & Electric Co.,San Diego Gas & Electric Co.,Southern California Edison Co.,Chevron Corp.,Tesoro Corp.,Valero Energy Corp.,Royal Dutch Shell PLC,Los Angeles Dept of Aviation,ExxonMobil Corp.,Alon USA Energy Inc.,ConocoPhillips
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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