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Obama pollution rules weighed by sympathetic Supreme Court

  • Supreme Court justices today expressed sympathy for the EPA’s approach to air pollution that crosses state lines.
  • The rule that would curb emissions from coal-fired power plants in 28 states - struck down by the D.C. Circuit Court of Appeals and being tested by power companies, states and miners - has never taken effect, but it would force companies to either shutter old plants or invest billions of dollars in pollution-control technology.
  • The court’s four Democrat appointees, at times joined by Chief Justice Roberts and Justice Kennedy, suggested the EPA had adhered to the language of the Clean Air Act; only Justice Scalia seemed convinced the rule could be unfair to some states.
  • ETFs: KOL, XLU, IDU, VPU, RYU, PUI, UPW, FXU, SDP, PSCU, FUTY, UTLT.
  • Coal names: PCXCQ, BTU, WLT, CNX, ACI, ANR, JRCC, YZC, ARLP, AHGP, NRP, PVR, PVG, PVA, OXF, CLD, WLB, RNO.
Comments (19)
  • Nitrexx11
    , contributor
    Comments (68) | Send Message
     
    Counting the days to the next presidential election
    10 Dec 2013, 07:27 PM Reply Like
  • marketnews09
    , contributor
    Comments (97) | Send Message
     
    There is nothing in this country that is productive and a money maker that isn't being crippled or under siege.
    10 Dec 2013, 07:38 PM Reply Like
  • King Rat
    , contributor
    Comments (773) | Send Message
     
    Coal power in the US likely won't have much presence in the US energy grid in 10-15 years anyway. Going legal on it seems like a waste of resources.

     

    If a government wants more central management on the energy grid why not work to make alternatives or replacements to coal innately more appealing (cheaper, cleaner, more sustainable) instead of making them comparatively more appealing (making coal more expensive)? This way they are just hurting everybody.
    10 Dec 2013, 07:40 PM Reply Like
  • WPSPIKER
    , contributor
    Comments (1158) | Send Message
     
    Not really sure what this is saying, seems to say nothing in way that yes the EPA can force this to happen or NO the EPA had overstepped it's mandates and the mandates are tossed out, WHY can't they say something simply???

     

    Mark
    10 Dec 2013, 08:15 PM Reply Like
  • samdehne
    , contributor
    Comments (116) | Send Message
     
    The diabolical and despicable and cowardly
    way Patriot Coal has treated its stockholders
    (after guaranteeing to protect them) causes a
    good American to wish nothing but the worst
    for them.
    Yup!
    This company should never have been allowed to
    name itself something like "Patriot".
    Nope!
    It's a bald-faced false-flag lie.
    Yup!
    10 Dec 2013, 08:15 PM Reply Like
  • Rope a Dope
    , contributor
    Comments (584) | Send Message
     
    Thanks for your service to our country. That said, neither Patriot Coal nor any other coal producing company, can do much to protect their business against the jack-booted EPA thugs that this administration has unleashed on the coal industry. No coal company is safe.

     

    We need to be responsible stewards of our environment but we also have a responsibility to protect American jobs at the same time and a far more sensible plan of transition could have been implemented. There are quite a few coal fired generating plants that have spent hundreds of millions of dollars to reduce pollutants, only to find the Sierra Club and EPA jack-boots trying to permanently shutter them. If these plants are forced to close, the first people to lose their electricity should be the environmentalists who are pushing this (I would ask that Al Gore be allotted enough electricity to power 1 light bulb in each of his 4 mansions).

     

    There isn’t a shred of common sense being used in any of this legislation.
    11 Dec 2013, 05:03 AM Reply Like
  • rocknrollstew
    , contributor
    Comments (115) | Send Message
     
    the key little phrase in the article is "the court will make a decision in july"'....sliver of hope a 4 to 4 split is no good to let the epa have its way..they need 5 of 8!...plus the attorney generals in these states are fighting back for the coal industry..it aint over till the fat lady sings...
    10 Dec 2013, 09:21 PM Reply Like
  • ClintonSPX
    , contributor
    Comments (194) | Send Message
     
    China’s Stocks Drop Most in Month as Coal Shares Pace Declines 12-10
    10 Dec 2013, 09:58 PM Reply Like
  • Nitrexx11
    , contributor
    Comments (68) | Send Message
     
    The rest of that statement should read "despite a 16.7% increase in coal imports for the month of November"
    10 Dec 2013, 10:52 PM Reply Like
  • ClintonSPX
    , contributor
    Comments (194) | Send Message
     
    China stock piles coal this time of year because they stop buying it in DEC/JAN. coal stocks dropped because traders are forward looking. Im expecting a 4 week bearish cycle.
    11 Dec 2013, 07:56 AM Reply Like
  • rltbubba
    , contributor
    Comments (3) | Send Message
     
    When you knock coal off the grid, lights will be a luxary along with heat!!!
    10 Dec 2013, 10:02 PM Reply Like
  • sethmcs
    , contributor
    Comments (3352) | Send Message
     
    All the local coal fired plants in Western PA have been retro fitted to meet EPA SO2 NOx and mercury mandates. The costs have been enormous $750 million plus in most cases. The lights will stay on in DC and they will remain coal fired.
    10 Dec 2013, 11:54 PM Reply Like
  • WPSPIKER
    , contributor
    Comments (1158) | Send Message
     
    True and current coal plants have been upgraded to planned for closing, (FE) has closed a bunch of well past their original life expectancy plants as they were kept going much longer than they really needed to be and upgrading them didn't make economical sense. There is a power oversupply now anyway as witnessed by lousy 2016 power generation sales. There are more plants going to come off as well several older Nuclear Power plants are not going to be updated they will be closed according to (EXC) and ?? someone else. There are plenty of off peak plants and many new peak gas fired plants coming on-line that will generally move coal to the lower use fuel. Where and when the wind/solar generators make a real dent is hard to say the biggest problem is we have to run coal/nuc plants 24/7 as the wind and solar are not stead producers so all needed power is generated at both places so in essence the wind/solar are not really helping by much...

     

    Mark
    11 Dec 2013, 08:52 AM Reply Like
  • samdehne
    , contributor
    Comments (116) | Send Message
     
    Back to Patriot Coal for a moment:
    Just take a look at American Air's
    stock to see what can happen when
    a BK company with assets (like PCX has)
    can do.. when hqtrs does not confiscate
    the stock from its rightful owners.
    AAL went from .30 cents to $25 dollars.
    Because they let the stock owners
    keep the stock they bought and paid for.
    Yup!
    11 Dec 2013, 10:57 AM Reply Like
  • havelostalot
    , contributor
    Comments (65) | Send Message
     
    I also bought some PCX shares last year and I felt betrayed. They filed BK too easily and quickly. Did they try to raise more capital by issuing more shares or selling their assets? Or did they try to sell the whole company at deep discount? I think it is a strategic BK to get rid of their underwater contracts, pension liabilities and shareholders. How can know that they won't do it again? 'Patriot Coal'? what a shame! It should be renamed as' Unpatriotic Coal' or 'Coward Coal'. If they issue new shares and the current weak coal market continues for a few more years, they may file for another BK. Their management gives us the impression that they see BK as a re-birth rather than a death sentence. They didn't try to their best to avoid BK. I won't trust this kind of bad management any more. We should not invest in this kind of rubbish company. I won't touch this company when they issue new shares. They are liars!
    24 Dec 2013, 08:11 AM Reply Like
  • ClintonSPX
    , contributor
    Comments (194) | Send Message
     
    @havelostalot Ive had 2 companies BK on me years ago and yes they are still in business today making money. BK is what they do to Maximize profits when they cant get them the "right" way. Lesson learned for me was dont own companies w/o profits. They will screw you.
    24 Dec 2013, 06:44 PM Reply Like
  • samdehne
    , contributor
    Comments (116) | Send Message
     
    Their actions are a treacherous as many of
    the attacks on America.
    But they hide under the perfidious blanket
    of bankruptcy.. as you so well describe it.
    It's a "legal" court-sanctioned way to get rid of
    everything they don't want.
    And then give themselves and their treacherous
    cronies grotesquely bloated bonuses.
    Look at what can happen when a bankruptcy
    is done the good old American way. Look at
    how the shareholders were honestly treated
    at American Air (AAL). $2 at BK and then
    $26 post-BK.
    25 Dec 2013, 10:46 AM Reply Like
  • rickc59
    , contributor
    Comment (1) | Send Message
     
    dumb question im sure... What does BK mean?

     

    thanks
    10 Jan 2014, 04:50 PM Reply Like
  • JohnBinTN
    , contributor
    Comments (3890) | Send Message
     
    Bankruptcy, usually, on here. Otherwise, Burger King.
    10 Jan 2014, 07:37 PM Reply Like
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