Commodities and Futures News
U.S. Supreme Court rebuffs Republican-led states on greenhouse gas policy
2022.05.26 21:25
FILE PHOTO: A view of the U.S. Supreme Court building in Washington, U.S., March 4, 2022. REUTERS/Leah Millis/File Photo
WASHINGTON (Reuters) – The U.S. Supreme Court on Thursday let President Joe Biden’s administration raise the cost estimate for the societal impact of greenhouse gases that federal agencies would be able to consider when drafting new regulations, rejecting a bid by Republican-led states to block the move.
The action by the justices in a brief unsigned order boosted the Democratic president’s efforts to factor the risks of global warming into federal decision-making. The Supreme Court left in place a lower court’s decision in favor of the Biden administration.
