Investor's Business Daily . . . "The latest case involves an EPA rule requiring coal plants to cut back mercury emissions. With annual compliance costs of more than $9 billion, it was one of the agency's most expensive rules.
"Even though the rule would provide only about $9 million in health benefits, the EPA still ignored the cost side of the equation. Only this agency would spend $9 billion for just $9 million in benefits." . . .
"It's up to a federal appeals court to decide the final fate of the rule. Too bad many coal plants have already spent billions or closed in anticipation of the rule.
"This case is just the latest sign of how out of control the EPA is. Back in 2012, an appeals court chucked rules limiting sulfur dioxide and nitrogen oxide, saying the agency had overstepped its bounds." . . .
EPA Loses at SCOTUS—but is Damage Already Done?.
. . "Despite the victory, it may have come at a cost that is too late to
recover. The rule went into place several years ago and the impact has taken its toll:
Since 2012, when the EPA finished its mercury rule, at least 58
coal-burning power plants have partially or entirely shut down,
according to data from the U.S. Energy Information Administration. That
has taken more than 16,000 megawatts of capacity offline, enough to
power roughly 16 million homes.
"The decision also looks like it will cause further rifts between the Obama administration and Congress . . ."
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