• 3 minutes This Battery Uses Up CO2 to Create Energy
  • 5 minutes Shale Oil Fiasco
  • 9 minutes Don't sneeze. Coronavirus is a threat to oil markets and global economies
  • 12 minutes Historian Slams Greta. I Don't See Her in Beijing or Delhi.
  • 5 hours Governments that wasted massive windfalls
  • 19 mins Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 2 hours Let’s take a Historical walk around the Rig
  • 16 hours Trump has changed into a World Leader
  • 5 hours We're freezing! Isn't it great? The carbon tax must be working!
  • 4 hours Here is Why People Lose Money Trading Natural Gas
  • 1 day Beijing Must Face Reality That Taiwan is Independent
  • 2 days Tesla Will ‘Disappear’ Or ‘Lose 80%’ Of Its Value
  • 2 hours US Shale: Technology
  • 7 hours 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 13 hours Trump capitulated
  • 2 days Yesterday POLEXIT started (Poles do not want to leave EU, but Poland made the decisive step towards becoming dictatorship, in breach of accession treaty)

Breaking News:

Brazil Decides Against Joining OPEC

China Virus Fears Send Oil Prices Even Lower

China Virus Fears Send Oil Prices Even Lower

Oil prices were down early…

The Smart Cell Turning Solar Energy Into Hydrogen

The Smart Cell Turning Solar Energy Into Hydrogen

Researchers have created a new…

Obama’s Clean Power Plan To Never See Light of Day

Obama

The Environmental Protection Agency has officially repealed and replaced the never-implemented Obama-era Clean Power Plan (CPP) on Wednesday, according to the Wall Street Journal, in a move that is largely seen as a lifeline to the precarious coal industry that has been pressured both by cheap natural gas and environmental pushback.

The new plan seeks to regulate each power plant on a case-by-case basis, instead of holding the entire industry to a single standard. It would give power plants more time to decrease emissions while continuing to operate.

The repeal of Obama’s Clean Power Plan is another campaign promise made by President Donald Trump in an effort to throw his support toward the coal industry, and it’s an important one. Obama’s CPP would have resulted in a number of coal plants shutting down, and could have essentially overhauled the entire energy sector. The CPP was stayed by the Supreme Court.

“Under the CPP, the EPA Obama administration went beyond implementing best technology,” a senior EPA official said on a call with reporters on Wednesday, according to The Hill, adding that the CPP imposed emission reductions beyond what it had the authority to do. The Trump administration has long held that not only did the EPA overreach in this case, that it picked winners and losers in the industry.

The rollback of the emission regulations could mean that individual coal plants could increase emissions, but the EPA stated that overall emissions would still drop over time.

The new rule, which critics say is a step backward and doesn’t go far enough to curb emissions, essentially gives states three years to come up with a plan to curb emissions standards, with an extra year for the EPA to review those plans.

By Julianne Geiger for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage


Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play