Throughout his time in office, President Barack Obama has prioritized efforts to promote alternative energy and reduce carbon emissions. This week he announced his administration’s latest environmental initiative, a set of new regulations from the Environmental Protection Agency requiring significant reductions in greenhouse gas emissions in the U.S. over the next 15 years.
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An important complication to remember is that when it comes to compliance with the new rules, states will be in situations that may vary dramatically, creating challenges for multistate companies. “You have a spectrum of states like California, which has been on the leading edge on these types of issues and has a program that might fit into this fairly easily,” Michael Cooke, of counsel at Greenberg Traurig, told CorpCounsel.com.