Supreme Court Overturns Chevron Doctrine in Landmark Decision

In a landmark decision, the U.S. Supreme Court has overturned the Chevron doctrine, a decades-old legal precedent that granted federal agencies the authority to interpret ambiguous laws. The 6-3 ruling marks a significant shift in the balance of power between federal agencies and the judiciary, with profound implications for the oil and gas industry, as well as other sectors reliant on regulatory frameworks. The Chevron doctrine, stemming from the 1984 case Chevron v. Natural Resources Defense Council, mandated that courts defer to federal…