Carbon Caps Through the Backdoor: Environmentalists pressure the insurance industryBY KIMBERLEY A. STRASSELWall Street Journal Mar. 06, 2010 |
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Copenhagen was a flop. Congress's cap-and-trade bill is stalled. The EPA has delayed its climate rules. If you think this means American business is escaping the threat of carbon restraints, think again. Most of the climate debate focuses on Washington. This misses a more clever and committed force—environmental groups that impose their agenda on companies via pressure, legal threat and sympathetic regulators. A textbook example has been quietly unfolding in the insurance sector. The question is whether governors will stand by to let green activists effectively regulate their businesses. Continued |