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Obama considers ban on new coal plants without carbon controls

Sep. 11, 2013 12:52 PM ETIDU, XLU, VPU, PUI, RSPU, SDP, UPW, FXU, KOL, PSCU, UTLTBy: Carl Surran, SA News Editor6 Comments
  • The Obama administration is considering banning new coal plants without increased emission standards, Bloomberg reports.
  • Revised EPA rules are under White House review and could be reworked before a scheduled Sept. 20 release, but it appears new coal plants would need to install expensive equipment to limit climate-change emissions.
  • The revised standard would retain a provision letting utilities phase-in the capture technology over time, a source says.
  • ETFs: KOL, XLU, IDU, PUI, VPU, RYU, FXU, PSCU, UPW, SDP, UTLT.

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