Bn Company: Power Companies and Energy Sector

bn company: The campaign by Exelon, a 34bn company that produces nuclear energy, and other electric power companies against weakening the rule stands in stark contrast to the arguments that have underpinned the Trump administration's efforts to reverse Obama-era health and environmental rules, according to The Guardian. It also reveals deep divisions within the energy sector about the alleged benefits of rolling back such regulations. Exelon, one of the largest producers of electricity in the US, has also argued to the Environmental Protection Agency that compliance with the existing mercury rule, a 2012 regulation that limits how much of the toxic pollutant can be emitted from coal-fired power plants, has had substantial health and environmental benefits and has cost a small fraction of what was originally anticipated. The Trump administration's effort to change the mercury rule, which was previously litigated for years in the courts and is arguably one of the most costly environmental regulations ever to be implemented, is seen as benefitting one company in particular Murray Energy Company, one of the largest US coal companies. Andrew Wheeler, the acting administrator of the EPA, formerly worked for a law firm that represented the coal magnate. Murray, which is controlled by Robert Murray, a major donor to Trump's inauguration events, reportedly requested a change in the mercury rule shortly after the president took office. (news.financializer.com). As reported in the news.