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Exelon: Going Beyond Environmental Compliance

In: Business and Management

Submitted By jlinden27
Words 1957
Pages 8
Research Paper
Jared Linden
SMGT 360

Introduction

Why would a corporation that is in the business of making profit for its shareholders go beyond regulatory compliance? It’s nice to think that the reasons behind such actions are of good nature – perhaps even philanthropic. And while there are definitely good intentions behind such decision-making, there is also value added for the corporation. Exelon has outlined their goals to be compliant to regulations and their desire to go further. They’ve also positioned themselves as a carbon free alternative for energy by investing heavily in nuclear. However, they are also making a large financial bet by taking this stake. While they are going beyond compliance for greenhouse gas emissions, they are certainly hoping to profit from this stance as well.

Greenhouse Gas Regulations

Greenhouse gases from anthropogenic sources are one of the main contributors to the rapid climate change that the Earth is now experiencing. As a prominent source for carbon emissions, utilities seem to be a logical place to impose standards. Despite the dire situation, there currently are not strict regulatory concerns for utilities in the United States as far as greenhouse gas emissions are concerned. The President recently proposed a Climate Action Plan that would limit the amount of carbon emissions from new power plant sources. But the standards are for new plants and not existing ones.

There have been some attempts at applying the Clean Air Act to greenhouse gas emissions, but these efforts have failed to enact the reduction levels that are desired thus far. According to the EPA, “Standards for currently operating plants are set through a federal-state partnership that includes federal guidelines and state plans to set and implement performance standards. Reflecting the significant differences between currently operating…...

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