Supreme Court Sides With White House on New Power Plant Emission Rules

Barchart · 10/17 02:30
The Supreme Court has rejected a challenge to the new emission reduction rule that the Environmental Protection Agency greenlit earlier this year. The rule requires that both existing and future power plants emit a lot less carbon dioxide than before, meaning substantial additional costs for operators. The rule prompted 27 states to challenge the rule in court, claiming it would spell the death of many power generators that are vital for the grid. After the lawsuits were filed, the plaintiffs approached the Supreme Court asking for the new EPA…