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Obama Moves War Red Line from Syria to Coal Industry – New EPA Rules will Bankrupt Industry

How predictable — after facing worldwide criticism for his failed Syrian policy, President Obama is keeping his climate change red line that will bankrupt the coal industry.

According to news reports, the EPA will soon issue a revised proposed rule that will limit the amount of greenhouse gases from new power plants. The proposed standard for carbon dioxide emissions is expected to be between 1,100 to 1,400 pounds per megawatt hour which is less than the 1,800 pounds released by existing coal power plants.

The proposed rule is expected to include a provision that would allow power plant operators time to incorporate carbon dioxide capture technology to reach the new standard. A new rule for existing power plants is also expected to be released this year.

From Newsmax:

The rules, the subject of intense lobbying by the industry, are under review by White House officials, and could be reworked before the Sept. 20 scheduled release. The revised standard would retain a provision letting utilities phase-in the capture technology over time, one person said.

Relying on carbon capture to limit coal emissions is challenging because the technology is unproven and it’s too expensive, according to the industry.

The EPA rule is a backhanded way to end the future use of coal-based power plants and replace them with natural gas generated electricity via regulatory fiat.

The free-market, not Obama, should determine how electricity is generated.

After getting pushed off the international stage by Vladimir Putin, Obama must have felt the need to flex his regulatory muscle on the beleaguered coal industry to generate favorable headlines.

Tom Borelli

Dr. Tom Borelli is a Newsmax TV contributor and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for The Washington Times and authored articles for Newsmax Magazine, Newsmax Insider and previously was a co-host with his wife Deneen Borelli on the SiriusXM Patriot channel. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

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