The EPA has submitted a draft of a proposed rule that
would create a national greenhouse gas registry program to the White House
Office of Management and Budget (OMB), whose sign-off is generally
required for all agency rulemakings. The submission of the proposed rule
comes a month after the September statutory deadline for the publication of
the proposed rule had passed. While the draft is currently under
review, it is expected that the final regulation won’t be released until next
summer. The title of the draft proposed regulation is
“Regulation to Establish Mandatory Reporting of Greenhouse Gases from Upstream
Fuel and Chemical Producers and Importers and Downstream Emitters.” Having
a greenhouse gas registry in place may help with the development
of a GHG cap-and-trade program that is expected at some point under
the next administration.
Will this really take until next summer? Can't they gut this rule before 1/20/09?