Obama To Offer Rules To Sharply Curb Power Plants' Carbon Emissions

Obama's Climate Change Regulation Will Be Historic And Legacy Defining
This photo taken May 5, 2014 shows the stacks of the Homer City Generating Station in Homer City, Pa. Three years ago, the operators of one of the nationâs dirtiest coal-fired power plants warned of âimmediate and devastatingâ consequences from the Obama administrationâs push to clean up pollution from coal. Faced with cutting sulfur dioxide pollution blowing into downwind states by 80 percent in less than a year, lawyers for EME Homer City Generation L.P. sued the Environmental Protection Agency to block the rule, saying it would cause a painful spike in electricity bills and grave harm to power producers like itself. (AP Photo/Keith Srakocic)
This photo taken May 5, 2014 shows the stacks of the Homer City Generating Station in Homer City, Pa. Three years ago, the operators of one of the nationâs dirtiest coal-fired power plants warned of âimmediate and devastatingâ consequences from the Obama administrationâs push to clean up pollution from coal. Faced with cutting sulfur dioxide pollution blowing into downwind states by 80 percent in less than a year, lawyers for EME Homer City Generation L.P. sued the Environmental Protection Agency to block the rule, saying it would cause a painful spike in electricity bills and grave harm to power producers like itself. (AP Photo/Keith Srakocic)

President Obama’s new global warming regulation will cut carbon pollution from the nation’s coal-fired power plants by up to 20 percent, according to people familiar with the rule, and will pave the way for the creation of state cap-and-trade programs across the country.

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