Wednesday, May 30, 2007

Climate and Insurance interviews Gary Guzy of Marsh

Climate and Insurance has an interview with Gary S. Guzy, Senior Vice President and National Practice Leader for Emerging Environmental Risk at Marsh, Inc. They discuss regulation and recent legal trends, as well as the growing “convergence of views” on the subject of business and climate change.

Commenting on Massachussetts v. EPA, a recent case before the Supreme Court, Guzy says: “I think the ruling will have two consequences: first, it will strengthen the hand of those who argue that federal legislation is needed to clarify this area, because the decision leaves EPA with few outs from going forward with regulation; and second, the Court’s ‘standing’ ruling may loosen a floodgate of litigation about the impact of greenhouse gas emissions, bringing many in industry into the fold of becoming proponents of clarifying legislation.”

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