The Supreme Court Case That Could Transform Energy Markets

We think the US Supreme Court, with its 6-3 conservative majority, is considering one of the most sweeping changes to federal regulatory policy that we can imagine. The court is hearing a case in which it could vote to overturn the so-called Chevron deference. Simply stated, the Chevron deference, resulting from a 1984 court case involving Chevron and Natural Resources Defense Council  (NRDC), states that in matters of complex federal regulatory and administrative procedure, the courts should defer to the respective federal agencies involved.…

via OilPrice

Categories: Energy