Obama considers ban on new coal plants without carbon controls

|By:, SA News Editor

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.