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Alpha Natural Resources, Inc. Message Board

  • kingfrogcash kingfrogcash Jun 23, 2014 10:45 AM Flag

    sell what you have left of coal stocks. EPA wins in court

    it's over

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I will be sure to sell by 2030

    • EPA only won small. It lost its power of interpretation of law that is the most important It is a loser this time. This is a far - reaching decision of Supreme Court and a heave blow to EPA . Please read below.

      Justice Antonin Scalia wrote in the opinion of the court that EPA including greenhouse gases in its interpretation “would place plainly excessive demands on limited governmental resources [and] is alone a good reason for rejecting it; but that is not the only reason.”
      “EPA’s interpretation is also unreasonable because it would bring about an enormous and transformative expansion in EPA’s regulatory authority without clear congressional authorization,” Scalia continued. ” When an agency claims to discover in a long-extant statute an unheralded power to regulate ‘a significant portion of the American economy,’ […] we typically greet its announcement with a measure of skepticism. We expect Congress to speak clearly if it wishes to assign to an agency decisions of vast ‘economic and political significance.’”
      “An agency has no power to ‘tailor’ legislation to bureaucratic policy goals by rewriting unambiguous statutory terms,” Scalia wrote later in the decision.

      Sentiment: Buy

 
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