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Andrew Weissman in Reuters: U.S. Court Strikes Down EPA Rule on Coal Pollution
A U.S. appeals court on Tuesday overturned a key Obama administration rule to reduce harmful emissions from coal-burning power plants, sparking a rally in coal company shares and relief among utility firms.
The U.S. Court of Appeals for the D.C. Circuit said in a 2-1 decision that the Environmental Protection Agency had exceeded its mandate with the rule, which was to limit sulfur dioxide and nitrogen oxide emissions from power plants in 28 mostly Eastern states and Texas...
But some analysts saw little material impact from the ruling, with dozens of coal-fired plants already slated for closure due to other EPA regulations.
"It gives the EPA a little bit more of a black eye," said Andrew Weissman
, senior energy adviser at law firm Haynes and Boone, LLP, which advises power and gas sector clients.
"But in the bigger picture, it many not be important in terms of the practical consequences." Excerpted from Reuters, August 22, 2012. To view full article, click here.