Obama administration to announce controversial emissions cap on power plants | Fox News
He's been talking about the war on coal for some time, now it's going into affect.The Obama administration is set to announce a rule Monday to limit carbon emissions in thousands of fossil-fuel burning plants across the country, a cornerstone of President Obama’s climate-change agenda and his first-term promise to reduce such emissions by 17 percent by 2020. The Environmental Protection Agency will ask existing plants to cut pollution by 30 percent by 2030, according to people familiar with the proposal who shared the details with The Associated Press.
The U.S. Chamber of Commerce argues that the rule will kill jobs and close power plants across the country. The group is releasing a study that finds the rule will result in the loss of 224,000 jobs every year through 2030 and impose $50 billion in annual costs.