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Stock impact report

Supreme Court allows an EPA rule limiting pollution from coal power plants to remain in effect—for now [Fortune]

OGE Energy Corp (OGE) 
Last oge energy corp earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Fortune
The justices rejected a push from Republican-led states and industry groups to block the Environmental Protection Agency rule , marking the third time this month the conservative majority has left an environmental regulation in place for now. One justice, Clarence Thomas, publicly dissented. Two other conservative justices, Brett Kavanaugh and Neil Gorsuch, said in a brief order they thought the challengers would likely win on at least some of their claims eventually. But the rule doesn't need to be blocked now because compliance work wouldn't have to begin until June 2025 and the case could end up back before the high court relatively quickly, Kavanaugh wrote. Justice Samuel Alito did not take part, likely due to his personal investment in one of the companies challenging the rule, Oklahoma Gas and Electric. The rule requires many coal-fired power plants to capture 90% of their carbon emissions or shut down within eight years, though deadlines do not take effect for several Show less Read more
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