Company: NC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000789933-25-000023
Chunk: 60

Company: NACCO INDUSTRIES INC
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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:  There have been no material changes to the Government Regulation previously disclosed on pages 9 through 17 in our Annual Report on Form 10-K for the year ended December 31, 2024, except as follows: 

On April 9, 2025, President Trump signed four executive orders designed to boost the U.S. coal industry, outlining steps to protect coal-fired power plants and expedite leases for coal mining on U.S. land. 

On March 12, 2025, the Trump Administration announced that the Environmental Protection Agency (EPA) will undertake 31 historic actions of deregulation, including, but not limited to:

•Reconsideration of regulations on power plants (Clean Power Plan 2.0);

•Reconsideration of regulations on the oil and gas industry; 

•Reconsideration of Mercury and Air Toxics Standards (MATS);

•Reconsideration of mandatory Greenhouse Gas Reporting Program; 

•Reconsideration of limitations, guidelines and standards for the Steam Electric Power Generating Industry to ensure low-cost electricity while protecting water resources; 

•Reconsideration of wastewater regulations for oil and gas development to help unleash American energy; 

•Reconsideration of the Risk Management Program rule;

•Reconsideration of the 2009 Endangerment Finding and regulations and actions that rely on that Finding; 

•Reconsideration of Particulate Matter National Ambient Air Quality Standards;

•Reconsideration of multiple National Emission Standards for Hazardous Air Pollutants for American energy and manufacturing sectors;

•Restructuring the Regional Haze Program;

•Overhauling the Social Cost of Carbon; 

•Redirecting enforcement resources to the EPA’s core mission;

•Ending the Good Neighbor Plan; 

•Working with states and tribes to resolve massive backlog with State Implementation Plans and Tribal Implementation Plans;

•Prioritizing the coal ash program to expedite state permit reviews and update coal ash regulations (CCR Rule). 

17

President Trump, paired with Republican control of Congress, is likely to continue to have a significant impact on the regulatory environment, particularly for fossil fuels. It is not yet clear how existing regulations affecting existing fossil fuel assets will be reconsidered or repealed.

The United States has recently enacted and proposed to enact significant new tariffs. Additionally, President Trump has directed various federal agencies to further evaluate key aspects of U.S. trade policy and there has been ongoing discussion and commentary regarding potential significant changes to U.S. trade policies, treaties and tariffs. There continues to exist significant