Court Ruling May Delay Power Plant Mercury Clean-Up

State Journal, The, February, 2008 by Kasey, Pam

Clean-up of power plant mercury emissions may be slowed in the short run by a Feb.8 federal appeals court ruling, but the market clearly believes the clean-up will be increased in the long run.

Investors showed immediate enthusiasm for Pittsburgh-based Calgon Carbon Corp., an industry leader in mercury-removal technology. Stocks were up the day of the ruling and continued to rise in the following days.

"We think that long-term it is going to be quite positive for us," said Calgon spokesperson Gail Gerono.

In its Feb. 8 ruling, the U.S. Court of Appeals for the District of Columbia Circuit struck down the Environmental Protection Agency's Clean Air Mercury Rule (CAMR).

The court agreed with opponents that the EPA, in adopting the CAMR for the control of...

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