According to the Wall Street Journal, the Environmental Protection Agency will propose new rules next week banning the construction of new coal power plants in the United States that do not meet expensive new and ridiculous efficiency standards. The new standards will force power plants underground, literally.
The Obama administration plans to block the construction of new coal-fired power plants unless they are built with novel and expensive technology to capture greenhouse-gas emissions, according to people familiar with a draft proposal.
The administration’s rule on emissions from new power plants, a long-awaited measure that is one of the capstones of the administration’s climate-change agenda, is set to be formally proposed by the end of next week. While the new rule isn’t final yet and is likely to face a legal challenge, it would be another blow to a coal industry already buffeted by a bonanza of cheap natural gas and increasing regulation.