trending Market Intelligence /marketintelligence/en/news-insights/trending/YeuegcNjR0fRUX9OzvRwZQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

House votes to unravel coal miner streams rule, SEC oil and gas reporting rule

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

House votes to unravel coal miner streams rule, SEC oil and gas reporting rule

The U.S. House of Representatives voted Feb. 1 to repeal the Interior Department's Stream Protection Rule for coal producers, as well as financial reporting requirements for oil and gas companies. The bills are part of Republican efforts to rescind recent Obama administration rules using the Congressional Review Act.

The House voted 228-194 to pass H.J. Res. 38, a GOP-sponsored resolution that seeks to overturn the Stream Protection Rule that Interior's Office of Surface Mining Reclamation and Enforcement finalized in December 2016, shortly before former President Barack Obama left office. The coal industry and Republican lawmakers blasted the rule, which adds new water quality monitoring and restoration requirements for coal producers operating near streams.

The U.S. Senate, which has a companion measure to H.J. Res. 38, is expected to pass the measure, with Republicans controlling both chambers of Congress. The resolution will almost certainly have backing from GOP President Donald Trump, who has vowed to reduce regulations for energy producers and other sectors of the economy.

"This regulation is an attack on coal families. It jeopardizes jobs and transfers power away from state and local governments," said Senate Majority Leader Mitch McConnell, R-Ky., who introduced the Senate disapproval resolution. McConnell said one analysis estimated the Stream Protection Rule could threaten one-third of U.S. coal mining jobs.

But Democrats and environmental groups protested the bill, saying it would block crucial protections for communities near mining operations.

"If this rule were to be overturned, American families living near impacted streams and rivers will not be protected from toxic chemicals getting into their water," U.S. Rep. Frank Pallone Jr., D-N.J., ranking member of the House Energy and Commerce Committee, said a day before the House vote. Pallone added that because disapproval resolutions under the Congressional Review Act prevent substantially similar rules from being made in the future, "affected communities might never be protected from the impacts of mining waste in their water."

The House on Feb. 1 also passed a resolution in a 235-187 vote to overturn a rule from the U.S. Securities and Exchange Commission that requires resource extraction issuers to disclose payments to U.S. or foreign governments for commercial development of oil, natural gas and minerals. The regulation, which the SEC adopted in June 2016 in response to the Dodd-Frank Act, sought to promote greater transparency. But critics said the rule was overly burdensome and placed U.S. companies at a competitive disadvantage by "forcing them to disclose confidential business information to their private and international competitors," said U.S. Rep. Bill Huizenga, R-Mich., who sponsored the legislation.

The bills are two of several disapproval resolutions that GOP lawmakers have introduced recently under the Congressional Review Act to strike down rules finalized in the Obama administration's final months. The CRA allows Congress to overturn regulations finalized in the last 60 legislative days with approval from a simple majority of House and Senate lawmakers. On Feb. 3, the House will also vote on a resolution to repeal the U.S. Bureau of Land Management's rule to limit methane emissions from venting and flaring at oil and gas operations on public lands. The BLM finalized that rule in November 2016.