Of the three decisions discussed, the one likely to have the most far-reaching impact is West Virginia. During his first days and weeks in office, President Biden issued one Executive Order after another instructing every part of the bureaucracy to figure out any way it could to implement the “climate” agenda. Statutory authorization? Who needs that? Now, not only is EPA’s most expansive regulatory initiative getting shut down, but multiple other agencies have comparable gambits likely to fail in the courts. Most famously, the SEC is now out with 100 pages or so of new proposed regulations, mandating corporate disclosures of “emissions”; and the Federal Reserve supposedly is adopting saving the climate as a third of its missions (the other two being price stability and full employment). More such dubious initiatives are under way in agencies from the Department of Energy to the Department of the Interior.
A major transformation of the economy requires specific legislation duly enacted by Congress. Who could have though of such a crazy idea?