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| Economy |
| US House axes regulations on oil and mining company payments, stream pollution |
| 2017-02-02 |
| The Republican-led US House of Representatives on Wednesday killed two Obama-era rules, one intended to root out corruption in the extraction sector and one aimed at reducing stream pollution. Required by the 2010 Dodd-Frank Wall Street reform law, the Securities and Exchange Commission's "extraction rule" was approved this summer to require oil, gas, mining and other companies to publicly state the taxes and other fees they pay to governments. Republicans say the requirement is burdensome and costly for energy companies, and also that it duplicates other long-standing regulations. The stream buffer rule is intended to lessen the amount of waste from mountain-top removal coal mining deposited in local waterways. Republican lawmakers, though, say it is hurting coal jobs by placing unworkable limits on the industry. The Republican-dominated Senate is expected to quickly take up killing both regulations and then send the resolutions to President Donald Trump to sign. The real war on terror |
| Posted by:g(r)omgoru |
| #5 There isn't much mountaintop coal mining going on these days. The current regulations have been adequate in pollution control. The opposition, and this article, make it sound like the coal mining companies are literally dumping coal waste into streams. It ain't happening. I live in coal country. Fearmongers all. |
| Posted by: Deacon Blues 2017-02-02 15:25 |
| #4 The stream buffer rule is intended to lessen the amount of waste from mountain-top removal coal mining deposited in local waterways. Another way to reduce this sort of pollution would be to prevent hacks at the EPA from going into closed mines with backhoes and ripping up the retainer walls. |
| Posted by: Raj 2017-02-02 14:52 |
| #3 Just a bit too late for Vanguard (VNR) "Vanguard"or the "Company") today announced that the Company has voluntarily filed petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division (the "Court"). |
| Posted by: Besoeker 2017-02-02 13:41 |
| #2 ....say it is hurting coal jobs by placing unworkable limits on the industry. But that was the Gov't intent. Didn't Obama tell us in 2008 that he would make coal mining too onerous and expensive to pursue ? |
| Posted by: Besoeker 2017-02-02 09:43 |
| #1 The regulatory leviathan is the #1 threat to a vibrant economy. It is the #1 reason that small business formation is at its lowest point since the Constitution was ratified. It is also the #1 reason that the publicly employed are making more money, on average, than private ones, and that they have come to see themselves as the private sector's rulers rahter than its servants. Kill the leviathan, and many things become right again in the U.S. |
| Posted by: no mo uro 2017-02-02 06:15 |