“The Environmental Protection Agency issued a rule that will limit greenhouse gas emissions from existing power plants. The Obama administration issued a similar rule eight months ago dealing with emissions from new power plants, so this rule was expected. But that doesn’t make it any less onerous — or less destructive to our economy.
“The EPA’s approach to greenhouse gas rules will damage our nation’s energy security by taking energy sources off the table. At the same time, it will thwart the ability of manufacturers to innovate and develop new energy technologies.
“The development of next-generation power plant technologies is a prime example. Today, coal generates about 40 percent of the country’s electricity, and we have decades worth of coal reserves. The rules, however, would eliminate this abundant resource from our energy mix — unless power plants are able to deploy what’s known as carbon capture and storage technology.”
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