FENY - Court strikes down Trump EPA's rollback of restrictions on power plants

The D.C. Circuit Court of Appeals today struck down one of the Trump administration's major climate rollbacks, ruling the Environmental Protection Agency acted illegally in issuing a new rule that eased federal regulation of air pollution from power plants.The court said both the EPA's Affordable Clean Energy rule and its repeal of the Obama administration's predecessor rule, the Clean Power Plan, "hinged on a fundamental misconstruction" of Section 111(d) of the Clean Air Act.Any limits to EPA's authority under Section 111 "simply do not include the source-specific caveat that the EPA now interposes and casts as unambiguous," the D.C. Circuit concluded.The ruling could give Pres.-elect Biden more leeway in regulating climate warming greenhouse gases from power plants.ETFs: [[XLE]], [[XLU]], [[VDE]], [[OIH]], [[ERX]], [[BGR]], [[FENY]], [[DRIP]], [[ERY]], [[DIG]]Earlier this month, the EPA moved to effectively block the U.S. government from regulating GHG emissions from refineries, oil and gas production and most

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Court strikes down Trump EPA's rollback of restrictions on power plants