Latest news with #MercuryandAirToxicsStandard
Yahoo
a day ago
- Business
- Yahoo
The EPA puts toxic power plant emissions back on the table
This analysis and news roundup comes from the Canary Media Weekly newsletter. Sign up to get it every Friday. On Wednesday, the U.S. EPA proposed repealing Biden administration rules that limit toxic pollutants and planet-warming emissions from coal and gas plants across the country. These plants 'do not contribute significantly' to 'dangerous' air pollution, the EPA claimed — something that many, many studies have shown isn't true. Power plants are the second-largest source of carbon emissions in the country, and they're responsible for a lot of health-harming pollutants like sulfur dioxide, nitrogen oxides, and mercury, too. When the Biden administration first announced the rules last year, the EPA estimated they would stem 1.38 billion metric tons of carbon pollution through 2047. That's the equivalent of taking 328 million gas cars off the road for a year, and amounts to an estimated $370 billion in climate and public health benefits. Those benefits would've helped communities surrounding gas and coal plants around the U.S., according to the Sierra Club's Trump Coal Pollution Dashboard. For example, Montana's Colstrip 3 plant would have to reduce its toxic pollution under the Mercury and Air Toxics Standard, while a slew of plants across the Midwest and Southwest would have to install carbon-capture systems or shut down under the greenhouse gas rules. The changes will allow coal plants around the country to keep burning. In North Dakota, some state officials are celebrating what they say is a big step toward protecting jobs and the coal industry. But in Georgia, health advocates and scientists warn the preservation of coal plants in their state will fall hard on vulnerable communities, especially those surrounding the facilities. Still, none of this is set in stone. The EPA's proposals are vulnerable to several legal pitfalls, including challenges involving the Clean Air Act, the agency's insistence that power plants don't produce 'significant' emissions, and the health, economic, and other costs of increasing pollution, E&E News reports. Analysts with TD Cowen expect the EPA to finalize the rules by early next year, but say legal challenges and uncertainty will continue through all of 2026. 'Big, Beautiful Bill' threatens rooftop solar President Donald Trump's 'Big, Beautiful Bill' is already having big impacts on the rooftop solar industry. The bill, now undergoing negotiations in the Senate, looks to repeal tax credits for solar installations and other clean energy projects. That includes credits that allowed a North Carolina food bank to install solar panels on the roof of its headquarters, which it anticipates will save the organization $143,000 each year. Other nonprofits are looking to follow suit — but they probably won't be able to if they can't access federal incentives, Canary Media's Elizabeth Ouzts reports. The bill is also causing problems for two solar companies. Lender Solar Mosaic filed for bankruptcy last week, specifically citing 'legislation that threatens to eliminate tax credits for residential solar' as a forthcoming challenge. Residential solar giant Sunnova followed with a bankruptcy filing over the weekend. While both companies' difficulties predate the Trump administration, it's clear that the residential solar sector is facing a difficult and uncertain moment, one analyst told Canary Media's Jeff St. John. An analysis by Ohm Analytics estimates that the House's version of the bill would lead rooftop solar installations across the country to drop by half next year, and another from Morgan Stanley projects an 85% decrease through 2030. Bright spots for clean energy Amid a sea of bad news for clean energy companies, some are still finding success. Take Sublime Systems, which recently had its $87 million federal grant cancelled: Sublime says private-sector support is allowing its $150 million low-carbon cement factory in Massachusetts to move forward anyway. Solar panel manufacturer Qcells said it's launching a new recycling operation in Georgia to repurpose retired panels. Heirloom Carbon is meanwhile keeping its operations rolling by winning over Republican state leadership in Louisiana, where it aims to build a facility that extracts carbon dioxide from the air. Developer Intersect Power got the green light Wednesday to build what would be the biggest solar-and-storage plant in the nation. And in the Chicago area, Sun Metalon just raised $9.1 million from investors — including Japan's Nippon Steel — to build its steel decarbonization business, Canary Media's Kari Lydersen reports. The startup has created an oven-sized box that melts down waste metal and sludge from steel and aluminum production, churning out pucks of reusable, recyclable metal. Vehicle emissions blowback: A group of 11 states sue after President Trump signs a congressional resolution rolling back California's vehicle emissions standards, which several other states have adopted. (The Hill) Budget bill update: Democrats — and some Republicans who voted for the House-passed version of the 'Big, Beautiful Bill' — look to convince Senate Republicans to preserve clean energy tax credits as budget discussions continue. (The Hill, Politico) Community electrification: California researchers report success and lessons learned from an experiment aimed at cutting electrification costs by upgrading multiple households in a single neighborhood, which saved contractors time and allowed residents to buy products in bulk. (KQED) GM reverses on EVs: While General Motors is still ramping up EV production, its new plan to spend $4 billion on mostly gasoline-powered cars means the company has given up on a goal to make only EVs by 2035, analysts say. (E&E News) Texas' gas commitment: A study finds developers have proposed more than 100 gas-fired power plants totaling 58 gigawatts in Texas, which have the potential to emit an estimated 115 million metric tons of greenhouse gases every year. (Inside Climate News) Charging forward: A J.D. Power survey finds fewer attempts to charge at public EV stations are ending in failure than in years past, and that the total number of public chargers is rapidly expanding. (New York Times) Batteries' battle: U.S. battery recyclers face 'a limbo moment' because the Trump administration has endorsed efforts to produce critical minerals while also imposing tariffs and threatening to repeal clean energy tax credits. (Grist)
Globe and Mail
16-04-2025
- Business
- Globe and Mail
BTU, ARLP, VST: Trump Exempts U.S. Coal Plants from Environmental Regulations
American regulations meant to safeguard people and the environment from mercury poisoning and air toxins no longer apply to U.S. coal plants. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. U.S. President Donald Trump has exempted 47 companies from regulations that aim to curb mercury and air toxins produced by coal-fired power plants for the next two years. The exemption was published in a regulatory update issued by the U.S. Environmental Protection Agency (EPA), and is seen as a good news for coal producers such as Peabody Energy (BTU), Alliance Resource (ARLP), and Vistra Corp. (VST). The regulatory exemption is the latest move by the Trump administration to limit industrial compliance with air and water regulations meant to protect people and the environment. Last autumn, the U.S. Supreme Court upheld the 'Mercury and Air Toxics Standard' regulation after a group of Republican states and industry groups launched a legal challenge to try and suspend it. Reviving the Coal Industry President Trump issued the exemption as he tries to revive the coal industry and prolong the life of aging coal power plants across the U.S. Coal-burning plants generate less than 20% of U.S. electricity today, a decline from 50% in 2000, according to the Energy Information Administration (EIA). Natural gas has largely replaced coal as a power source in America. Growth in solar and wind power has also cut into coal's usage. Mercury is a potent toxin that the American Lung Association has said can cause severe developmental harm. Air toxins associated with coal burning can lead to asthma, strokes, heart attacks, and lung cancer. Is BTU Stock a Buy? The stock of Peabody Energy has a consensus Strong Buy rating among four Wall Street analysts. That rating is based on four Buy recommendations issued in the last three months. The average BTU price target of $22.25 implies 76.87% upside from current levels. Disclaimer & Disclosure Report an Issue
Reuters
15-04-2025
- Business
- Reuters
Trump exempts dozens of coal plants from mercury, air toxics limits
WASHINGTON, April 15 (Reuters) - The Trump administration has exempted 47 companies from regulations to curb mercury and air toxics for their coal-fired power plants for two years, according to a list of facilities published by the Environmental Protection Agency on Tuesday. The exemptions list is the latest move by the administration to use executive or emergency orders to immediately shield polluting facilities from compliance with air and water standards tightened by the Biden administration as the EPA undertakes a lengthier process to roll back those rules. The Biden-era Mercury and Air Toxics Standard is still in force after the Supreme Court in October declined to put the rules on hold after a group of mostly Republican states and industry groups led a legal challenge to suspend it. But U.S. President Donald Trump issued a proclamation last week detailing that certain stationary sources subject to MATS are exempt from compliance in a bid to revive the coal industry and prolong the life of aging coal power plants. Coal-burning plants generate less than 20% of U.S. electricity, a drop from 50% in 2000, according to the Energy Information Administration, as fracking and other drilling techniques have hiked production of natural gas. Growth in solar and wind power has also cut coal use. Mercury is a potent neurotoxin the American Lung Association says could cause severe developmental harm. Mercury and other air toxics associated with coal burning raise the risk of asthma attacks, strokes, heart attacks and lung cancer. The Biden-era rule required constant monitoring of emissions. Supporters of the exemption said the MATS rule placed severe burdens on coal-fired power plants and on the viability of the U.S. coal sector. Montana Republican Congressman Troy Downing applauded the inclusion of two units of the Colstrip coal plant to the exemption list, adding that it "will provide clarity and certainty for operations going forward."
