For electric power companies facing climate policy risk, the message is clear: If you are not proactively managing your exposure, now is the time to start.The U.S. House of Representatives has passed carbon cap-and-trade legislation that would impose carbon dioxide-emission limits in 2012 and steadily increase thereafter, and the Senate is considering similar mandates.Given the major economic implications, building knowledge of your company's emissions inventory and developing intelligent compliance and risk management strategies are critical. This means understanding the full scale of your economic exposure, assessing compliance options and implementing compliance and trading procedures that will help you cost-effectively meet any federal emission limits.
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