EPA Overturns Obama-Era Clean Air Rules for Power Plants | MLPs Message Board Posts

MLPs   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  104187 of 108402  at  6/19/2019 4:15:21 PM  by

rlp2451

The following message was updated on 6/19/2019 4:15:49 PM.

EPA Overturns Obama-Era Clean Air Rules for Power Plants

EPA Overturns Obama-Era Clean Air Rules for Power Plants
New plan would limit the agency’s ability to mandate tougher greenhouse-gas emission regulations

By Timothy Puko
Updated June 19, 2019 1:08 pm ET

WASHINGTON—The Environmental Protection Agency overturned Obama-era climate rules for power plants, vastly limiting the agency’s ability to mandate tougher greenhouse-gas emission regulations that could force older coal- and gas-fired plants to close.

The EPA estimates that the new plan announced Wednesday, combined with industry trends, will cut U.S. power-plant emissions 35% by 2030 from 2005 levels. EPA Administrator Andrew Wheeler said the plan will keep power costs more affordable for working-class Americans.

“These provisions will give states and the private sector the regulatory certainty they need to invest in new technologies that are more efficient and reduce emissions,” Mr. Wheeler said.

But environmentalists say the targets aren’t tough enough, since power plants already had cut their carbon-dioxide emissions by 25% between 2005 and 2016 as the industry began a massive shift toward burning less coal and more natural gas.

The move is one of the most significant steps yet by the Trump administration to roll back climate policy, eliminating rules designed to force an industrywide decrease in emissions.

Instead, the EPA plans to regulate the industry on a plant-by-plant basis, according to the summary, and will allow older plants to keep operating as they adopt improved, more-efficient technology.

While the plan was designed to reduce greenhouse gases, Trump administration officials have openly cast their redo of regulations as a boon to coal plants, an attempt to revamp rules they say unfairly set up coal-fired plants to fail and close.

Mr. Trump has called climate change a hoax and vowed to help boost the fortunes of coal, oil and natural-gas producers.

By allowing older plants to make incremental improvements, critics say the plan could keep coal-fired plants alive longer in a way that actually increases their greenhouse-gas emissions in aggregate. And over the long term it reduces the pressure the plan would likely have put on natural-gas-burning plants to be phased out in favor of zero-carbon power such as wind and solar.


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 2     Views: 196
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board


About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help Center  •  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
© 2003-2019 Investorvillage.com. All rights reserved. User Agreement
   
Financial Market Data provided by
.


Loading...