New US Emissions Rules Won’t Hurt Coal, Officials Say

Reuters reported that environment and energy chiefs have asserted that new rules aimed at limiting emissions from United States power plants will not threaten coal’s future. The rules are expected to be released Friday.

As quoted in the market news:

‘We believe coal will continue to represent a significant portion of the energy supply in the decades to come,’ Environmental Protection Agency administrator Gina McCarthy told the House of Representatives Committee on Energy and Commerce on Wednesday.

McCarthy’s testimony, her first since being confirmed to the EPA post in July, came two days before the agency is due to unveil the first major rule of the Obama administration’s new climate change action plan.

The EPA is expected to release a new version of a proposal it was due to finalize in April to set greenhouse gas emissions limits for future fossil fuel power plants.

Click here to read the full Reuters report.