Judge puts stop to governor's effort to remove Virginia from greenhouse gas initiative [Yahoo! Finance Canada]
Dominion Energy, Inc. (D)
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Source: Yahoo! Finance Canada
The ruling, issued Monday by retired Judge C. Randall Lowe in Floyd County, said Virginia's Air Pollution Control Board exceeded its authority when it voted last year to exit the Regional Greenhouse Gas Initiative. The Regional Greenhouse Gas Initiative is an effort by 12 mid-Atlantic and Northeast states to reduce power plants' carbon emissions. Participating states require plants of a certain generating capacity to purchase allowances to emit carbon dioxide, a greenhouse gas that contributes to global warming Virginia joined the compact in 2020 when it had a Democratic governor as well as Democratic control of the Legislature. In 2021, Youngkin, a Republican, won election as governor but one or both legislative chambers have remained under Democratic control for the entirety of his term. Youngkin has said Virginia's participation in the cap-and-trade program amounts to a hidden tax on Virginians' energy bills. His spokesman, Christian Martinez, said Wednesday that the state
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- 11/1/24 - Beat
D
Sec Filings
- 12/17/24 - Form 8-K/A
- 12/17/24 - Form 8-K
- 12/4/24 - Form 4
- D's page on the SEC website