This article, from law firm White & Case, is authored by Patrick Holten. On a sweltering day in late June, President Obama announced an ambitious, largely regulatory-driven initiative to reduce carbon-based emissions and combat climate change. The centerpiece of the President’s plan is a first-ever effort to regulate and restrict the carbon emissions of existing…

This article, from law firm White & Case LLP, is authored by Patrick Holten Under current law, a business entity with publicly traded interests may be taxed as a partnership if 90% or more of its income is derived from qualified sources (Internal Revenue Code section 7704). Qualifying income sources include income and gains derived…