April 26, 2024
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1:45Now PlayingA suite of new rules to dramatically slash pollution from coal and natural gas plants was unveiled by the Biden administration Thursday — and critics promptly blasted the measures as “death by a thousand cuts to America’s fossil fuel industry.”
Under the new regime, existing coal-fired and new natural gas-fired power plants will be mandated to capture 90% of all carbon pollution, the Environmental Protection Agency announced.
To operate plants beyond 2039, they would need to have proper carbon capture systems fulfilling those requirements by 2032, officials explained to reporters.
EPA honchos hope that the new rule, coupled with tax credits in the Inflation Reduction Act, will trigger innovation and push energy companies to adopt more carbon-friendly technology.
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