WEBVTT - Future of Environmental Legislation in Limbo (Audio)

0:00:00.080 --> 0:00:04.520
<v Speaker 1>We're talking about the biggest legal developments of One of

0:00:04.559 --> 0:00:07.880
<v Speaker 1>Justice Scalia's final official acts before he died was to

0:00:08.000 --> 0:00:11.080
<v Speaker 1>cast what would prove to be an important environmental law vote.

0:00:11.600 --> 0:00:14.640
<v Speaker 1>He joined a five justice majority to put on hold

0:00:14.680 --> 0:00:18.480
<v Speaker 1>President Obama's Clean Power Plan, which would curb emissions from

0:00:18.480 --> 0:00:21.440
<v Speaker 1>power plants. That order, it turns out, may have marked

0:00:21.480 --> 0:00:24.560
<v Speaker 1>the plans final day. The Clean Power Plan is just

0:00:24.600 --> 0:00:28.120
<v Speaker 1>one of the many Obama environmental initiatives now in jeopardy

0:00:28.200 --> 0:00:30.720
<v Speaker 1>with the election of Donald Trump. With me to talk

0:00:30.760 --> 0:00:33.519
<v Speaker 1>about the year in environmental law is Charles Warren, who

0:00:33.600 --> 0:00:37.280
<v Speaker 1>chairs the environmental practice at Cramer Levin in New York. Chuck,

0:00:37.320 --> 0:00:42.400
<v Speaker 1>thanks for joining us. Is the Clean Power Plan now

0:00:42.479 --> 0:00:49.159
<v Speaker 1>dead with Donald Trump's election? Not necessarily, because you know,

0:00:49.200 --> 0:00:52.040
<v Speaker 1>it's before the Court of Appeals for the District of

0:00:52.080 --> 0:00:56.640
<v Speaker 1>Columbia Circuit and if they upholded, which they could do,

0:00:57.760 --> 0:01:01.360
<v Speaker 1>you know, before the inauguration, Uh, then it would be

0:01:01.440 --> 0:01:04.320
<v Speaker 1>up to the new administration to try and change it.

0:01:04.720 --> 0:01:06.760
<v Speaker 1>And to change they have to go through a whole

0:01:07.880 --> 0:01:12.960
<v Speaker 1>regulation process. And it's not that easy to change regulations

0:01:13.000 --> 0:01:14.840
<v Speaker 1>because they have to come up with a basis for

0:01:15.000 --> 0:01:17.440
<v Speaker 1>making a change. And if they and go through the

0:01:17.440 --> 0:01:20.759
<v Speaker 1>whole process, get comments, and then they're subject to the lawsuits.

0:01:20.840 --> 0:01:24.120
<v Speaker 1>And it showed during the Bush years when they tried

0:01:24.160 --> 0:01:26.920
<v Speaker 1>to make some changes, they were often styme eaten by

0:01:26.959 --> 0:01:31.160
<v Speaker 1>the courts. In the end, whether or not it it

0:01:31.840 --> 0:01:36.679
<v Speaker 1>is uh still alive. Um has it accomplished some of

0:01:36.720 --> 0:01:39.880
<v Speaker 1>its goals just by by the specter of it being

0:01:39.880 --> 0:01:43.360
<v Speaker 1>out there and and you have power company has gone

0:01:43.400 --> 0:01:45.800
<v Speaker 1>ahead and made the sorts of changes that the president

0:01:45.840 --> 0:01:49.880
<v Speaker 1>was hoping for. Yes, I think that's a good point.

0:01:50.920 --> 0:01:53.280
<v Speaker 1>I think it has accomplished a lot of what it

0:01:53.400 --> 0:01:55.840
<v Speaker 1>was trying to do because power companies are now starting

0:01:55.840 --> 0:01:58.600
<v Speaker 1>to make those kinds of changes or have put them

0:01:58.680 --> 0:02:02.920
<v Speaker 1>initiated them. Um, these things take a while, but a

0:02:02.960 --> 0:02:05.120
<v Speaker 1>lot of the companies saw the handwriting on the wall,

0:02:05.280 --> 0:02:10.120
<v Speaker 1>and they even started before the Clean Power Plan was

0:02:10.160 --> 0:02:13.000
<v Speaker 1>put into effect to try to move away from coal

0:02:13.080 --> 0:02:16.000
<v Speaker 1>and go to natural gas. I think when you see

0:02:16.160 --> 0:02:20.400
<v Speaker 1>utilities like a E P, which is the biggest user

0:02:20.480 --> 0:02:22.560
<v Speaker 1>of coal how or was the biggest user of coal

0:02:22.919 --> 0:02:27.880
<v Speaker 1>of all utilities, start to convert plants to natural gas,

0:02:28.000 --> 0:02:31.280
<v Speaker 1>you know that there's a wholesale movement away from coal.

0:02:31.600 --> 0:02:33.920
<v Speaker 1>Regardless of what happens to this regulation. In the end,

0:02:35.320 --> 0:02:39.760
<v Speaker 1>there are a lot of other Obama environmental initiatives out there,

0:02:39.800 --> 0:02:42.919
<v Speaker 1>some of them in the courts. Which of those d

0:02:43.080 --> 0:02:48.920
<v Speaker 1>c as being in the greatest danger at this point? Well,

0:02:49.080 --> 0:02:52.120
<v Speaker 1>besides the Clean Power Plan, I mean, I think there

0:02:52.160 --> 0:02:58.880
<v Speaker 1>are other there. There are some things like even though

0:02:58.880 --> 0:03:03.519
<v Speaker 1>it's our Kane, what the Obama administration has been trying

0:03:03.560 --> 0:03:08.120
<v Speaker 1>to do about under the Clean Water Act defining waters

0:03:08.120 --> 0:03:11.079
<v Speaker 1>in the United States, which is something that's been a

0:03:11.200 --> 0:03:15.080
<v Speaker 1>very controversial thing, and it's how broad the reach of

0:03:15.120 --> 0:03:19.920
<v Speaker 1>the government is in terms of regulating wet lands. And

0:03:19.960 --> 0:03:23.040
<v Speaker 1>I think that that's something that could change under the

0:03:23.040 --> 0:03:26.120
<v Speaker 1>Trump administration. It's has been a very controversial regulation. I

0:03:26.200 --> 0:03:29.239
<v Speaker 1>think that's something could change. There's some other regulations, air

0:03:29.280 --> 0:03:33.440
<v Speaker 1>regulations that are out there also. I mean, you have

0:03:34.160 --> 0:03:37.600
<v Speaker 1>you have the mercury rule. Is that is that the

0:03:37.640 --> 0:03:40.400
<v Speaker 1>mercury rule, And I mean that's already you know, that's

0:03:40.480 --> 0:03:45.160
<v Speaker 1>one thing that's UH. I think also going a long

0:03:45.240 --> 0:03:50.880
<v Speaker 1>way to having utilities change their UH practices already, but

0:03:50.960 --> 0:03:53.160
<v Speaker 1>that's something that they could try to change. Also. I

0:03:53.240 --> 0:03:56.400
<v Speaker 1>see that I see that as another thing that might

0:03:56.440 --> 0:03:59.040
<v Speaker 1>be UH there And and then, you know, I think

0:03:59.080 --> 0:04:01.440
<v Speaker 1>just in general, I think there'll be a lot of

0:04:01.560 --> 0:04:05.600
<v Speaker 1>reduction of the funding for the Environmental Protection Agency e

0:04:05.720 --> 0:04:08.920
<v Speaker 1>p A and to try and sort of stop them

0:04:08.960 --> 0:04:13.760
<v Speaker 1>from doing enforcement and writing new regulations and those kinds

0:04:13.760 --> 0:04:15.960
<v Speaker 1>of things. So I think that's where you'll see a

0:04:15.960 --> 0:04:20.960
<v Speaker 1>lot of effort devoted by the new administration and the

0:04:21.080 --> 0:04:26.280
<v Speaker 1>new administrator, Scott Pruitt, who was pretty hostile to e

0:04:26.400 --> 0:04:28.680
<v Speaker 1>p A. Chuck, we only have about thirty seconds left,

0:04:28.680 --> 0:04:29.920
<v Speaker 1>but I did want to ask you about the Paris

0:04:30.000 --> 0:04:32.839
<v Speaker 1>Climate Accord. Where do things stand on that, what's happened

0:04:32.880 --> 0:04:37.360
<v Speaker 1>over the past twelve months. Yeah, I think the Paris

0:04:37.680 --> 0:04:41.040
<v Speaker 1>Climate Agreement is, you know, really a landmark agreement. They

0:04:41.080 --> 0:04:44.719
<v Speaker 1>had a d signatories around the world and so far

0:04:44.839 --> 0:04:48.880
<v Speaker 1>it's been ratified by a hundred and twenty parties, and

0:04:48.960 --> 0:04:54.960
<v Speaker 1>I think it's a signature accomplishment. Uh. And while while

0:04:55.000 --> 0:04:58.760
<v Speaker 1>they are still goals in essence and countries have to

0:04:58.800 --> 0:05:01.520
<v Speaker 1>follow through on them, and I think again that's something

0:05:01.560 --> 0:05:05.359
<v Speaker 1>that you may see a slackening in this administration in

0:05:05.440 --> 0:05:08.359
<v Speaker 1>following through on the US commitments. But I think the

0:05:08.360 --> 0:05:10.320
<v Speaker 1>fact that you have so many countries around the world

0:05:10.400 --> 0:05:13.400
<v Speaker 1>that are committed to do it and major players around

0:05:13.400 --> 0:05:16.000
<v Speaker 1>the world. I think it's going to still have momentum. Chuck,

0:05:16.040 --> 0:05:17.640
<v Speaker 1>We're gonna have to leave it there. Thank you so much,

0:05:17.720 --> 0:05:21.120
<v Speaker 1>Chuck Warmer Warren of of Cramer Levin. Coming up, we

0:05:21.240 --> 0:05:23.719
<v Speaker 1>talk election law. This is Bloomberg