Quoted in National Journal - January 19, 2023
“It will be interesting to see what the final Treasury regulations are able to do, but many believe this is going to require a legislative fix,” Kennedy said. “The accommodations that are so far in the Treasury ruling are not of great significance related to the concerns the European community has.”
Kennedy argued that Washington should have negotiated with all its major industrial partners before passing such a sweeping piece of legislation.
“Climate concern is a global concern,” he added. “Having a more coordinated approach to it, as opposed to something that moves down a protectionist path, is more likely to achieve the climate objectives in an efficient manner.”