Seeking Alpha

Supreme Court gives EPA most of what it wants in climate change permits

  • The U.S. Supreme Court places some limits on the EPA program to deal with power plant and factory emissions of gases blamed for global warming, trimming the scope of the agency's permitting effort while still allowing some emissions regulations at larger facilities such as power plants.
  • The Court says the EPA lacks authority in some cases to force companies to evaluate ways to reduce carbon dioxide emissions, but the decision does not affect EPA proposals for first-time national standards for new and existing power plants, and it preserves the EPA's authority over facilities that already emit pollutants the agency regulates other than greenhouse gases.
  • Justice Scalia, writing for the court, says the ruling will allow the EPA to regulate 83% of all greenhouse gases emitted from plants nationwide vs. the 86% the agency had sought.
  • ETFs: UNG, XLE, XLU, DGAZ, UGAZ, ERX, KOL, IDU, VDE, OIH, BOIL, GAZ, ERY, VPU, FCG, DIG, GASL, DUG, KOLD, IYE, UNL, GASX, NAGS, PXJ, FENY, RYE, UPW, RYU, FUTY, FXN, DCNG, FXU, DDG, SDP
Comments (7)
  • june1234
    , contributor
    Comments (2626) | Send Message
     
    What happened to global warming?
    23 Jun, 01:38 PM Reply Like
  • Johann Galt
    , contributor
    Comments (236) | Send Message
     
    If the data doesn't meet the narrative, change the narrative!
    23 Jun, 02:17 PM Reply Like
  • netprophet
    , contributor
    Comments (3) | Send Message
     
    There isn't any. see woodfortrees dot org.
    23 Jun, 09:17 PM Reply Like
  • Wearabarrel
    , contributor
    Comments (2) | Send Message
     
    Might as well disband Congress and cede all power to the Executive Branch.
    23 Jun, 05:44 PM Reply Like
  • Wearabarrel
    , contributor
    Comments (2) | Send Message
     
    Save taxpayers money. Disband Congress and give all power to the Executive.
    23 Jun, 05:45 PM Reply Like
  • netprophet
    , contributor
    Comments (3) | Send Message
     
    How idiotic are the EPA CO2 regulations? Right now about 14,000 stationary sources have to get annual emission permits under the Clean Air Act. By regulating CO2 through the Clean Air Act, the number of businesses that will require EPA permits will be over 6 million according to the EPA a 400 fold increase. Here are the EPA's own words, "Sources needing operating permits would jump from 14,700 to 6.1 million as a result of application of Title V to greenhouse gases, a 400-fold increase.…Hiring the 230,000 full-time employees necessary to produce the 1.4 billion work hours required to address the actual increase in permitting functions would result in an increase in Title V administration costs of $21 billion per year.

     

    Totally absurd, right? Yes, but they are planning to go ahead anyway. If there was ever a case of progressivism run amuck this is it!
    23 Jun, 09:17 PM Reply Like
  • Thinkerbus
    , contributor
    Comments (57) | Send Message
     
    Although not at all in favor of big government, companies will not spend the money to make a much cleaner environment without someone forcing them to do so. It is a shame, but probably a necessity, as Congress does nothing constructive with our tax money. They can't even conduct a proper investigation to hold people accountable in the IRS and other major issues under this administration. A sorry
    set of events for Americans. Gosh--with the NSA having everyone's conversations and emails, why don't they produce the lost ones from the IRS??????
    30 Jun, 12:35 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector