Dec. 9, 2014
The administration of President Barack Obama issued November 26, 2014 a draft of 25 November 2014, coming from the Environmental Protection Agency (EPA) and subject to contributions to regulate the emission of greenhouse gases.
Companies are protesting because this will increase the cost of regulation. We are now witnessing a clash between supporters of the economic strength of the country and the promoters of the environment.
The President's rationale is this: that environmental regulation is justified because it will prevent many diseases and even death from respiratory failure. However, social programs and Obamacare are the major challenges of his presidency.
Therefore, the discussion is about the relationship between "regulation" and "sector": if the Regulation is related simply to the environment, then the argument of additional financial regulation advanced by firms is relevant.
Indeed, the principle of proportionality being key in regulatory techniques, there is disproportionality between the means and the goal.