- The U.S. Supreme Court hands the Obama administration an important environmental victory by upholding a rule that requires aging power plants to sharply reduce emissions that contribute to unhealthy air in neighboring states.
- The 6-2 ruling breathes new life into the EPA's Cross-State Air Pollution Rule, which requires 28 states to reduce power-plant emissions that hurt air quality in states located downwind.
- The regulation could affect ~1,000 power plants in the eastern half of the U.S that may have to adopt new pollution controls or reduce operations.
- ETFs: XLU, IDU, VPU, UPW, RYU, PUI, FUTY, FXU, SDP, PSCU, UTLT
Supreme Court ruling will force power plants to cut downwind pollution
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