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Re: Justin510 post# 1019

Thursday, 06/30/2022 9:12:56 PM

Thursday, June 30, 2022 9:12:56 PM

Post# of 2236
Actually, the Supreme Court ruling reverses nothing, changes nothing. It simply stopped the Biden administration from putting West Virginia's power plant industry out of business overnight, and gave the "accelerated green" issues back to the states, which Constitutionally have power/authority to regulate their own industries as their voters choose, through elected officials.

The Supreme Court ruling simple stated that, to accelerate the green agenda beyond any milestone numbers or timeline mandated by The Clean Air Act (legislation passed by Congress, initially enacted in 1963 and revised many times since), requires new legislation from Congress. AND, until such new legislation stipulates otherwise, the power is within each individual state to mandate, regulate, or whateverate the voters decide.

Well, the voters in California and 11 blue states in the northeastern U.S. have decided to support the Green Agenda. That's NOT going to change. These states all currently support and participate in the Carbon Credits market(s). That's NOT going to change as a result of this Supreme Court ruling.

Many other countries are also involved in and completely support the Carbon Credits market. That's NOT going to change (certainly not as a result of any U.S. Supreme Court ruling that simply puts the power in the hands of the individual states).

SO... note that California PLUS the 11 member states of the RGGI (Regional Greenhouse Gas Initiative) WILL CONTINUE to support the carbon credits.

ALSO NOTE... the case was specifically about power plant emissions and the recent attempt to accelerate emissions reductions by power plants from something like 23% by 2030 to ~32%, under the Biden Administration, which cited power of Regulatory Authority under to the Clean Power Plan (devised under the Obama Administration) as supposedly provided for by the Clear Air Act.

Biden & Company were simply attempting to put West Virginia's power plant industry out of business, much like it has attempted with the Oil and Natural Gas industry nationwide. West Virginia decided to fight it. West Virginia won. It's not going to change the global push to reduce carbon, and it's not going to cause California or the blue RGGI states to stop supporting the green initiative or the emission reduction and carbon credits markets.
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