Climate Study: Costs High for Chemical Firms

A study on costs that S&P 500 firms would incur from a U.S. cap-and-trade program for greenhouse gas (GHG) emissions shows chemicals to be among the top-five sectors with the highest estimated exposure to GHG regulatory costs. The study by the not-for-profit group Investor Responsibility Research Center (New York) and data analysis firm Trucost (New York) shows that the chemical sector has the third-highest average cost as compared with revenues, at 2.5%, followed by utilities (12%), and the “basic resources” sector (4.1%). The industry comes in...

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