The Supreme Court’s job has always been to explain and enforce the laws of our constitution. And while most Supreme Court cases set important precedents, few of them will ever make you a dime. Until now. Cramer would be dropping the ball if he didn’t discuss what he thinks is a landmark decision the Court handed down on April 2 in which it rewrote the equation for investing in clean energy. In fact, Cramer says this decision is so important he’s declaring April 2 “Green Day,” and not just because he loves the band.
Cramer thinks the decision from the case Massachusetts v. the Environmental Protection Agency could make you mad money. First, a little background: the state of Massachusetts sued the EPA for not regulating carbon emissions from cars, and the Court ruled that the EPA has both the authority and responsibility, as mandated by the 1970 Clean Air Act, to regulate these emissions (or have a bulletproof excuse as to why they can’t). Cramer is putting on his lawyer hat for a second to explain that the states almost universally hate the federal government on this issue, and they all have the standing, and now maybe the encouragement, to sue.