Peabody Energy President and Chief Executive Officer Glenn Kellow today praised the Supreme Court’s decision to overturn the U.S. Environmental Protection Agency’s (EPA) Mercury and Air Toxics Standards (MATS) rule for power plant emissions.
The Supreme Court ruled that the Clean Air Act requires the agency to consider the costs of a rulemaking in addition to expected health benefits.
In writing for the majority, Justic Scalia explained: “It is not rational, never mind ‘appropriate,’ to impose billions of dollars in economic costs in return for a few dollars in health or environmental benefits.”
“We applaud today’s Supreme Court ruling as well as any decision that overturns regulatory overreach,” Kellow said. “Peabody supports technology as the right path toward continued emissions improvement.”
“Today’s Supreme Court decision is a win for American consumers and a rebuke of EPA’s callous approach to regulations,” said Duncan. “We applaud the Court’s commonsense decision which serves as a needed reminder that regulatory bodies must actually consider cost impacts of its regulations.”
Quinn said the decision effectively puts EPA on notice that reckless rulemaking ignoring the cost to consumers is unreasonable and won’t be tolerated. “(The decision) recognizes what the administration has ignored: that every regulatory benefit comes with a cost, and the value of that benefit cannot be known unless its costs are considered.”
Peabody views the Supreme Court’s decision as positive for the coal industry which could rein in the EPA’s aggressive rulemaking as it presses ahead with potentially more costly rules including the so-called Clean Power Plan addressing carbon dioxide emissions.