SOX and Carbon Mitigation Legislation: Deja Vu All Over Again? Maybe Not.

Surely I am not the only one who recalls the debates of the 80s that culminated in the 1990 Amendments to the Clean Air Act (CAA90).  Title IV-A of the CAA90 created the cap and trade program to limit sulfur oxides and nitrogen oxide emissions. At the time it was controversial and multiple campaigns were organized to assure its defeat.  The CAA90 did pass, and not only did none of the apocalyptic events forecasted by its detractors happen, but it still performs successfully today.  What I find remarkable when I think about those debates is that they seem nearly identical […]