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    coal investing

    “Coal Caucus” Takes Stand Against New EPA Rules

    Charlotte McLeod
    Sep. 30, 2013 12:25PM PST
    Industrial Metals

    The Register-Herald reported that Republican Pennsylvania Congressman Tom Marino, along with a bipartisan group of state lawmakers, has formed a “Coal Caucus” whose purpose is to take a stand against the US Environmental Protection Agency’s (EPA) new carbon emissions rules.

    The Register-Herald reported that Republican Pennsylvania Congressman Tom Marino, along with a bipartisan group of state lawmakers, has formed a “Coal Caucus” whose purpose is to take a stand against the US Environmental Protection Agency’s (EPA) new carbon emissions rules.

    As quoted in the market news:

    ‘The Obama administration’s proposed rule to cap carbon emissions from new power plants is just another line of attack to make certain energy sources — sources like coal and fossil fuels — so expensive that the producers themselves go bankrupt,’ said Marino.

    More than a dozen Pennsylvania lawmakers from both major political parties joined the congressman in railing against the new federal regulations, with Republicans blaming Democrats and Democrats focusing their concern on Washington.

    Sen. Gene Yaw, R-Lycoming  County, was named chairman of the Coal Caucus. Along with Obama, he added Pennsylvania Attorney General Kathleen Kane, a Democrat, to the list of villains.

    Yaw said 12 attorneys general from other states signed a letter arguing that the new EPA carbon dioxide air quality standards overstepped the agency’s authority.

    Click here to read the full report from The Register-Herald.

    carbon emissionscoal investing
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