New EPA water rules were blocked by a federal judge and two Chinese, state-owned aluminum giants could combine forces.
Water Rules Blocked
New water rules from the Environmental Protection Agency aimed at protecting small bodies of water were set to go into effect Thursday, but a federal judge blocked them from being implemented in 13 states.
Those states have sued the federal government over the rules, arguing that they are an overreach, “overly broad and infringe on [state] sovereignty.” Congress has proposed a bill that would force the EPA to rescind or rewrite the rules.
Chinese Aluminum Giant
China is trying to push its two biggest aluminum businesses together as part of a planned shake-up of state-owned enterprises, industry sources said, a move that would create the world’s largest aluminum maker. Power company State Power Investment Corp. is in talks to surrender its aluminum assets to Aluminum Corp. of China, allowing SPI to focus on power construction and generation, three industry sources told Reuters.