Richard Stuebi posted on C|Net News.com about Wall Street’s getting ahead of the curve on impending carbon legislation. Apparently investment banks are worried power companies racing to get new coal plants built and grandfathered in before carbon management legislation make it impossible to build the plants. They are effectively pre-imposing the laws by requiring that new deals comply with hypothetical future carbon restrictions.
It looks like “the market” has already figured out that carbon controls are inevitable. I wonder how much longer we have to wait before Washington will step up? My guess is sometime after Jan 20, 2009.