A federal appeals court in Washington, D.C., today ruled that the US EPA’s 2010 rule limiting emissions of sulfur dioxide was valid. The rule had been challenged by a trade group representing, among other companies, ConocoPhillips (NYSE: COP), Exxon Mobil Corp. (NYSE: XOM), and General Electric Co. (NYSE: GE) and the states of North Dakota and Texas.
The rule restricts sulfur dioxide emissions from electricity generating plants to 75 parts per billion over the course of one hour. The previous limit, adopted in 1970, had been 140 parts per billion over a 24-hour period.
In a similar case in Oklahoma, the federal appeals court ruled against the US EPA, granting the state a stay pending a review of the EPA’s sulfur dioxide rule at four electricity generating plants.
A more far-reaching environmental case related to the EPA’s Cross-State Air Pollution Rule is expected soon. That rule imposes restrictions on coal-fired power generation that affects air quality in neighboring states.
Paul Ausick
Are You Ahead, or Behind on Retirement?
If you’re one of the over 4 Million Americans set to retire this year, you may want to pay attention. Many people have worked their whole lives preparing to retire without ever knowing the answer to the most important question: am I ahead, or behind on my goals?
Don’t make the same mistake. It’s an easy question to answer. A quick conversation with a financial advisor can help you unpack your savings, spending, and goals for your money. With Zoe Financial’s free matching tool, you can connect with trusted financial advisors in minutes.
Why wait? Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.