The battered U.S. coal industry rejoiced after the Senate voted on Thursday to repeal a rule that limited companies from dumping mining waste in streams, saying the move could halt the sector’s decline.
The Senate, approving a resolution passed by the House of Representatives on Wednesday, overturned the Stream Protection Rule as part of a broader move by Republicans to reverse what they see as overregulation by former President Barack Obama’s administration on energy development.
The demise of the rule had been expected. The Congressional Review Act allows Congress, controlled by Republicans, to undo rules finalized at the end of a previous administration.
“This is one very, very important step to get coal back on its feet and stop the hemorrhaging of jobs that we’ve seen,” said Luke Popovich, a spokesman for the National Mining Association. Read More…
Credit By: Reuters
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