Obama Plans To Ban New Coal Plants [REPORT]

President Barack Obama is planning an end to the building of new coal power plants, according to Businessweek. The outlet sources people familiar with the matter. According to the report, the Environmental Protection Agency is planning on introducing rules that would force new coal plants to implement costly carbon reducing technology.

The equipment necessary to build new coal power plants under the rules would drive up the cost of building coal plants, and the cost of producing electricity from the energy source. That could mean an end to coal as a dominant...