- OIL & GAS
Now, the White House and EPA chief Mike Leavitt are considering rescinding a December 2000 EPA ruling that concluded mercury emissions are a public health threat that requires power plants to meet a "maximum achievable control technology" (MACT) standard to sharply reduce toxic pollutants, according to the article.
The alternative? A mandatory "cap and trade" program, similar to the successful program to combat acid rain that was begun in 1990. It would allow utilities to buy emissions "credits" from cleaner-operating plants to meet an overall industry target.