red states rule
Senior Member
- May 30, 2006
- 16,011
- 573
- 48
Now some idiots are going to court over global warming. I wonder if Pretty Boy Edwards will take the case (for 50% of the take of course)
Don't like the heat? Try suing
Lawyers anticipate a rising sea of work tied to climate change
12:00 AM CDT on Monday, June 25, 2007
By ERIC TORBENSON / The Dallas Morning News
[email protected]
Think this global-warming controversy will blow over soon? The lawyers don't.
Top Dallas firm Thompson & Knight started a dedicated climate-change practice June 4 with 26 lawyers. Today, Dallas' Vinson & Elkins will unveil its 41-lawyer group, headed by a former senior counsel for the World Bank.
The law firms and a dozen others nationwide are getting ready for a predicted explosion of climate-related work tied to government regulation, lawsuits against energy companies and new markets that will trade the rights to emit carbon.
"We're not here to act as climatologists," said Thompson & Knight's climate chief, Scott Deatherage, though he has a degree in marine biology and knows plenty of the science behind global warming. "We're here to steer our clients through what is likely to be new regulation, and that's going to have risks and opportunities."
One potential opportunity is the $30 billion global market for rights to put carbon into the air; if the U.S. comes on board, the market could grow by $100 billion, and the credits are likely to become investments that draw Wall Street attention.
Vinson & Elkins' Christopher Carr, who helped the World Bank oversee its carbon finance unit, predicts a nationwide "cap" on carbon emissions in just a few years.
"It's not a question of if; it's when, and most importantly, how it will be set up," Mr. Carr said.
By their geography, the Dallas firms have a number of energy companies as clients. But they also expect to represent plaintiffs who've been harmed by global warming and pollution.
for the complete article
http://www.dallasnews.com/sharedcon...lawyers_25bus.ART.State.Edition2.4358ea8.html
Don't like the heat? Try suing
Lawyers anticipate a rising sea of work tied to climate change
12:00 AM CDT on Monday, June 25, 2007
By ERIC TORBENSON / The Dallas Morning News
[email protected]
Think this global-warming controversy will blow over soon? The lawyers don't.
Top Dallas firm Thompson & Knight started a dedicated climate-change practice June 4 with 26 lawyers. Today, Dallas' Vinson & Elkins will unveil its 41-lawyer group, headed by a former senior counsel for the World Bank.
The law firms and a dozen others nationwide are getting ready for a predicted explosion of climate-related work tied to government regulation, lawsuits against energy companies and new markets that will trade the rights to emit carbon.
"We're not here to act as climatologists," said Thompson & Knight's climate chief, Scott Deatherage, though he has a degree in marine biology and knows plenty of the science behind global warming. "We're here to steer our clients through what is likely to be new regulation, and that's going to have risks and opportunities."
One potential opportunity is the $30 billion global market for rights to put carbon into the air; if the U.S. comes on board, the market could grow by $100 billion, and the credits are likely to become investments that draw Wall Street attention.
Vinson & Elkins' Christopher Carr, who helped the World Bank oversee its carbon finance unit, predicts a nationwide "cap" on carbon emissions in just a few years.
"It's not a question of if; it's when, and most importantly, how it will be set up," Mr. Carr said.
By their geography, the Dallas firms have a number of energy companies as clients. But they also expect to represent plaintiffs who've been harmed by global warming and pollution.
for the complete article
http://www.dallasnews.com/sharedcon...lawyers_25bus.ART.State.Edition2.4358ea8.html