This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Supreme Court Reaffirms EPA Control in Clean Air Act

NEW YORK ( TheStreet) --The Environmental Protection Agency gained more control over individual states on Tuesday as the Supreme Court voted to uphold federal rules regarding cross-state air pollution 

The 6-2 Supreme Court decision upheld EPA rules that put limitations on air pollution that float across state lines. The ruling requires 28 Midwestern and Appalachian states that cause smog and soot-forming emissions to limit pollution from their smoke stacks before it travels downwind, mostly to Eastern states.

That may mean that the EPA will have more flexibility in implementing sections of the Clean Air Act that involve more complex issues, as long as the federal agency is seen as interpreting the statute in a reasonable manner.

There is speculation that in June the EPA will unveil a proposal to curb pollution from existing power plants, the focus of President Barack Obama's climate change strategy.

Under the proposal, states would be required to submit their own implementation plans to meet EPA-set carbon standards or face a federally determined plan by 2016. States, however, are expected to challenge the proposal in court.

Louisiana Senator David Vitter, the top Republican on the Senate Environment and Public Works committee, criticized Tuesday's Supreme Court ruling.

"This allows (the EPA) to completely ignore the concept of cooperative federalism that requires them to work with states in crafting plans to address air pollution," he said.

Despite the Supreme Court ruling, the debate over EPA rules is far from over and will likely be a major issue in this year's midterm elections that will determine control of the Senate. 

Follow @macroinsights

This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs