Supreme court ruling against EPA expected to impact U.S. and global ambitions to reduce carbon emissions.

In a 6-3 vote the U.S. Supreme Court suppressed the U.S. Environmental Protection Agency (EPA)’s power to regulate fossil fuels.

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ALEXIS KEENAN: Huge significance here in this 6-3 ruling in favor of 18 Republican-led states along with Mississippi's Governor and a couple of coal companies against the EPA. Now here, the Supreme Court ruled that the EPA has limited authority to limit carbon emissions for existing power plants. This case is definitely a mandate on the extent to which federal agencies can regulate and whether they can take action without specific directions and mandates from Congress.

President Biden has said that the goal of the US would be to decarbonize the electric grid by 2035 for the United States. So, really, those ambitious plans potentially curbed here. Just really big win here for conservative states and states like West Virginia, like Wyoming that are the nation's biggest coal producers.