E.P.A. planning to erase greenhouse gas limits on power plants, NY Times reports

The Environmental Protection Agency has drafted a plan to eliminate all limits on greenhouse gases from coal and gas-fired power plants in the United States, according to internal agency documents reviewed by The New York Times, Lisa Friedman writes. In its proposed regulation, the agency argued that carbon dioxide and other greenhouse gases from power plants that burn fossil fuels “do not contribute significantly to dangerous pollution” or to climate change because they are a small and declining share of global emissions. But in the United States, the power sector was the second biggest source of greenhouse gases, behind transportation, according to the most recent data available on the E.P.A. website. And globally, power plants account for about 30 percent of the pollution that is driving climate change. Publicly traded companies in the space include Alliance Resource Partners (ARLP), Arch Resources (ARCH), Consol Energy (CEIX) and Peabody Energy (BTU).