President Obama is adding more regulations onto the American economy today
that will tackle the mystical enemy known as “Climate Change”.
The industry experts are sweating and warning of price hikes because of this:
Electricity generation from the carbon-intensive fossil fuel would fall by 90 gigawatts, more than twice the decline government analysts had predicted as recently as April, according to a report released Friday by the Energy Information Administration. There were about 292 gigawatts of coal-fired generation capacity in 2014, according to EIA.
Most of the coal-plant closures would occur by 2020, when the Environmental Protection Agency’s proposal to cut carbon dioxide emissions would kick in.
H/T Bloomberg News