Supreme Court Decision Reignites Coal Industry

7/2/15

By Shelley Goldberg, Commodity Strategist, Wall Streed Daily

The U.S. coal industry breathed a sigh of relief this week after the Supreme Court blocked President Obama’s proposed limits on mercury emissions from power plants under the Clean Air Act.

The president had been enjoying a winning streak at the nation’s highest court. Recent decisions upheld his signature healthcare bill and the right of same-sex couples to marry in all 50 states.

His record on the environment, however, just took a significant hit.

This most recent case overturned one in a series of three major environmental regulations that Obama had hoped would establish his “Earth-friendly” legacy.

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