(Reuters) - The Obama administration proposed on Tuesday the first rules to cut carbon dioxide emissions from new U.S. power plants, a move hotly contested by Republicans and industry in an election year.
The Environmental Protection Agency's proposal would effectively stop the building of most new coal-fired plants in an industry that is moving rapidly to more natural gas. But the rules will not regulate existing power plants, the source of one third of U.S. emissions, and will not apply to any plants that start construction over the next 12 months.
The watering down of the proposal led some ardent environmentalists to criticize its loopholes, but a power company that has taken steps to cut emissions praised the rules.
While the proposal does not dictate which fuels a plant can burn, it requires any new coal plants to use costly technology to capture and store the emissions underground. Any new coal-fired plants would have to halve carbon dioxide emissions to match those of gas plants....
Originally posted by jibeho
reply to post by xuenchen
You're not supposed to post this info in the midst of two major distracting stories sweeping the nation at the moment. You can only talk about this after it passes.