Carbon regulation block unlikely to get past President

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Alaskan senator Lisa Murkowski, the ranking Republican on the Senate Energy and Natural Resources Committee, introduced a disapproval resolution last week under the Congressional Review Act. It was co-sponsored by 35 Republicans and three Democrats, and aims to prevent the EPA from regulating greenhouse gases under the Clean Air Act.

Speaking at a media briefing last week, Jason Patrick, vice-president, carbon markets, global commodities at Bank of America Merrill Lynch, was skeptical about the