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Regulations

Regulations

Enhanced Oil Recovery Institute of Wyoming documents, studies & presentations relating to the topic of regulations.

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The law and economics of CO2 as a pollutant and commodity
  • We think of CO2 as the greenhouse gas (GHG) causing global warming.
  • The Stern Report and the several IPCC (Intergovernmental Panel on Climate Change) reports are gaining acceptance.
  • In its most recent report (AR4 Synthesis Report November 17, 2007) the IPCC has written: Warming of the climate system is unequivocal, as is now evident from observations of increases in global average air and ocean temperatures, widespread melting of snow and ice, and rising global average sea level.
  • The report goes further to say: Most of the observed increase in globallyaveraged temperatures since the mid-20th century is very likely due to the observed increase in anthropogenic GHG concentrations.
  • The Supreme Court on April 2, 2007 in a 5 to 4 decision decided that CO2 was a pollutant and the EPA could regulate auto emissions of the GHG (Chemical & Engineering News, April 3, 2007).