Facing Uncertain Liability, Industry Braces For Climate Procurement Rule

Industry groups are bracing for new federal procurement rules that take the “social cost of carbon” into account in agency purchasing and other decisions and are grappling with questions like which contracts might be affected and how best to comply with the new rule to avoid potential liability under the False Claims Act. The proposed rules , required by President Joe Biden’s May climate-finance executive order (EO), would require contractors and suppliers to disclose greenhouse gas emissions, and would give...