Business leaders name regulations they would like to see go | Chemical & Engineering News
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Web Date: February 24, 2017

Business leaders name regulations they would like to see go

Several chemical company CEOs sign letter to the Trump Administration
Department: Business
Keywords: Regulation, Business Roundtable, Dow, Eastman, EPA
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Liveris is a fan of President Donald J. Trump’s approach to regulating business.
Credit: Dow
Photo of Dow CEO Andrew N. Liveris speaking at a podium.
 
Liveris is a fan of President Donald J. Trump’s approach to regulating business.
Credit: Dow

In an effort endorsed by several chemical companies, Business Roundtable, an advocacy group composed of CEOs, has sent the Trump Administration a list of “Top Regulations of Concern” that it believes are unnecessary.

“The majority of the regulations directly and negatively impact economic growth,” wrote Mark J. Costa, CEO of Eastman Chemical and chair of the Roundtable’s Smart Regulation Committee. Also signing the letter were Dow Chemical CEO Andrew N. Liveris, who is leading a manufacturing panel for the Trump Administration, and Honeywell CEO David M. Cote.

Among the environmental rules on the list is an EPA ground-level ozone standard that reduced ozone concentration limits to 70 ppb from 75 ppb. It also hit on a rule requiring carbon capture for new coal-fired power plants and on another rule expanding of federal jurisdiction over state waters.

Business Roundtable also targeted rules related to health care, corporate governance, the workforce, taxes, the internet, and exports.

“While some of the listed regulations in isolation may not appear significant to growth, their cumulative effect has drained resources from innovation and job creation and directed them to non-value-adding administrative and bureaucratic activities,” Costa wrote.

Regulatory reform is one of the Trump Administration’s strategies for jump-starting the economy. Last month, President Trump signed an executive order directing agencies to eliminate two regulations for every new regulation they implement.

Trump met with corporate executives on Feb. 23 to talk about strengthening the manufacturing sector. According to Liveris, the group discussed regulation, taxes, trade, and workforce training. “It is very clear that the language of business is being spoken in the White House,” Liveris said after the meeting.

 
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Comments
Payam Minoofar (Fri Feb 24 15:24:26 EST 2017)
Will this affect Mr. Liveris's popularity in the ACS? Has Mr. Liveris done an about course regarding taxation on the rich?
Chad Brick (Sun Feb 26 21:51:08 EST 2017)
So, the two examples listed are "Please, please let us kill people. We can make more money that way!" Seriously, this is the best corporate bigwigs can come up with?

Air pollution kills 200,000 Americans a year. That's FIVE THOUSAND times as many as terrorists have averaged in the post WWII era. The idea that we should put thousands of American's lives at risk in return for higher corporate profits is laughably stupid. Doubly so because research indicates almost no impact of regulations on jobs, or perhaps even a slight positive impact. Anti-coal regulations, for example, boost both jobs in clean energy AND compliance jobs at the remaining coal mines and power plants.
Bruce Rushton (Tue Feb 28 11:20:52 EST 2017)
Well said
lana (Mon Feb 27 15:10:11 EST 2017)
The idea that men who are solely focused on next quarter's report know how to best balance (their) profit interests with public interest and well-being in complex environmental and health fields is anathema to those of us in ACS who have dedicated our professional lives to understanding health, science, and the environment.
To simply declare that existing regulations are "non-value-adding" is to willfully choose to ignore the science and balancing work of thousands of scientists and regulators, our colleagues. It is also to ignore the physical reality of externalized costs that these men's companies have forced upon our fellow citizens, realities that our academic and industry colleagues have studied and are aware of.
Where is our ACS leadership in denouncing this?

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