The Trump administration's plan to undo a landmark finding that climate pollution threatens public health and welfare poses lots of risks for corporate America.

The Environmental Protection Agency's endangerment finding has served as the legal basis for federal climate regulations under the Clean Air Act since 2009 . The finding concludes that the accumulation of greenhouse gases such as carbon dioxide in the atmosphere endangers people's health and the well-being of communities. Reaching that determination was a prerequisite to set limits for the pollution. Getting rid of that authority would lead to the repeal of "all greenhouse gas standards" at the federal level, according to the EPA , amounting, it says, to "one of the largest deregulatory actions in American history."

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