The Texas economy is one of the most robust in the world. Wildly profitable companies and ingenious entrepreneurs call this state home, and what happens here influences businesses around the nation. Here’s a slice of the profits, losses, big deals, and backroom decisions happening across Texas this week.
Tough Abbott to Break
Texas energy companies and Attorney General Greg Abbott claimed victory over the Environmental Protection Agency this week when the U.S. Court of Appeals for the Fifth Circuit admonished the EPA for unduly rejecting the state’s proposed pollution control measures. The agency took four years to disapprove the plan for regulating energy producers, including coal plants, according to the Associated Press. The ruling requires the EPA to reconsider Texas’s proposal in a timely fashion and to approve it if it meets Clean Air Act requirements.
The Bottom Line: Texas is also joining several other states in a lawsuit “against EPA regulations to cut interstate pollution from power plants,” Bloomberg reports. Industry observers say this week’s ruling bodes well for the states in that case.
Time on Our Side
Austin got a mention in