Is there a government initiative to regulate/define a carbon footprint for corporations?
At this time, there is no pending legislation that we are aware of that addresses a government initiative to regulate or define a carbon footprint for corporations. However, the U.S. House of Representatives did pass the American Clean Energy and Security Act (ACESA) on June 26, 2009 which calls for reducing U.S. emissions 17 percent below 2005 levels by 2020, and 83 percent below 2005 levels by 2050. To do this, the government will establish a cap-and-trade system for greenhouse gas (GHG) emissions, and it will require electric utilities to meet 20 percent of their electricity demand through renewable energy sources by 2020. Meeting emissions quotas, buying and selling emissions permits, finding alternative energy sources – these all qualify as “material” risks to a company’s earnings and may require publicly-traded companies to report their carbon emissions as material risks under U.S. securities law. A great resource regarding emission credits can be found here. Telework certainly p
