Supreme Court will decide if oil industry may sue to block California's zero-emissions goal [Los Angeles Times (CA)]
Valero Energy Corporation (VLO)
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Source: Los Angeles Times
The justices voted to hear an appeal from oil and bio-fuel producers who sued the Environmental Protection Agency, arguing it had given California too much authority to regulate motor vehicles in the name of combating climate change. The suit was tossed out on the grounds that the oil producers had no standing. Their only claim of an injury was that they may sell less oil and gas in the future. But the justices voted to reconsider the standing issue and to decide whether the suit may proceed. At issue ultimately is California's long-standing authority to set stricter emissions limits for new cars, trucks and buses. The court will consider the case — Diamond Alternative Energy vs. EPA — early next year after Donald Trump has been sworn in. His administration will decide whether California may enforce strict regulations over the next decade. The state would need Trump's EPA to issue a new waiver in 2025 that would allow California to go beyond the federal standards for tailpipe
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VLO
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- 10/24/24 - Miss
VLO
Sec Filings
- 11/13/24 - Form 3/A
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- 11/8/24 - Form 4
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