It’s been called a “stew” and a “train wreck,” and has even been obliquely referred to as “Godzilla.” It is fostering a climate of uncertainty around major capital investment decisions by the regulated community, and in particular coal-fired power plants, which could be forced to undertake a huge wave of facility retirements. And it’s providing fodder for emboldened Congressional Republicans, whose anti-regulation fervor has identified the U.S. Environmental Protection Agency (EPA) as public enemy number one.
“It,” of course is a suite of regulations that EPA has either recently completed or is scheduled to finalize in the coming months. Most of these regulations are being promulgated under the Clean Air Act (CAA), although forthcoming Clean Water Act (CWA) and the Resource Conservation and Recovery Act (RCRA) rulemakings are in the mix as well.
Read the full article published by the Environmental Business Journal.