Study: Climate Policies Unlikely to Pose Credit Risk

A study released today by Standard & Poor's (S&P; New York) and the World Resources Institute (WRI) found that federal climate action is unlikely to pose a major credit risk to U.S chemical companies. Ten of thirteen commodity chemical sub-sectors would receive enough emissions credits under the American Power Act (APA), a cap-and-trade bill that passed the House in 2009, to cover compliance through 2033. The study did not consider specialty chemicals companies, which are less greenhouse gas (GHG) intensive. However, the report notes that Energy...

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