Government proposes first carbon limits on power plants - News and Current Events | futures io social day trading
futures io futures trading


Government proposes first carbon limits on power plants
Updated: Views / Replies:329 / 0
Created: by kbit Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Government proposes first carbon limits on power plants

  #1 (permalink)
Elite Member
Aurora, Il USA
 
Futures Experience: Advanced
Platform: TradeStation
Favorite Futures: futures
 
kbit's Avatar
 
Posts: 5,872 since Nov 2010
Thanks: 3,301 given, 3,332 received

Government proposes first carbon limits on power plants

(Reuters) - The Obama administration proposed on Tuesday the first ever standards to cut carbon dioxide emissions from new power plants, a move likely to be hotly contested by Republicans and industry in an election year.

The Environmental Protection Agency proposed the long-delayed rules that limit emissions from all new U.S. power stations, which would effectively bar the building of any new coal plants.

While the rules do not dictate which fuels a plant can burn, they would require any new coal plants essentially to halve carbon dioxide emissions to match those of efficient gas plants.

"We're putting in place a standard that relies on the use of clean, American made technology to tackle a challenge that we can't leave to our kids and grandkids," EPA Administrator Lisa Jackson said in a release.

Republicans have already turned to the courts to forestall other EPA measures they say will drive up power costs for homeowners and businesses that are struggling to recover from the weak economy. Some Democrats from energy-intensive states are also likely to oppose the rules.

The EPA's overall clean-air efforts have divided the power industry between companies that have moved toward cleaner energy, such as Exelon and NextEra, and those that generate most of their power from coal, such as Southern Co and American Electric Power.

Under the rules, coal plants could add equipment to capture and bury underground for permanent storage their carbon emissions. The rules would likely give any new coal plants time to get those systems running, by requiring that they average the emissions cuts over decades.

Supporters of the rules argue that the industry has been moving away from coal and towards natural gas because of low prices and abundant supply. The portion of U.S. electricity fired by coal has slipped from about 50 percent to 45 percent in the last few years as hydraulic fracturing, or fracking, and other drilling techniques have allowed access to vast new domestic supplies of natural gas.

The EPA is moving forward on the climate rules, which do not need to be approved by Congress, after a wide-ranging climate bill died in the Senate in 2010.

The EPA is the main tool the Obama administration has left to reduce greenhouse gas emissions and meet goals agreed at global forums to battle climate change.

But the agency's moves are also met by challenges by industry in the courts and have been under withering criticism from Republicans, who have made environmental regulations a big campaign theme ahead of the November elections.

The green movement is key part of President Barack Obama's base and the administration has tried to walk a tightrope with its "all of the above" energy strategy that includes tougher energy regulations and support for renewable energy.

Environmentalists who were stung by Obama's decision last September to delay a major smog rule, cheered the prospect of performance standard rules they say will help protect the country from climate change.

"The bottom line for our country is that cleaner power will cut harmful carbon dioxide pollution, protect our children and help secure a safe prosperous future," said Vickie Patton, the general counsel for the Environmental Defense Fund.

The rules are expected to affect only new plants, not modified plants, which would be a concession to industry. Existing plants would not be included, but the new proposals could set the stage for the EPA to regulate them in the coming years.

The EPA's clean-air chief Gina McCarthy has said there is no guarantee the rules will be finalized before the November 6 election, which means they could be more easily overturned if Obama lost the election.


Government proposes first carbon limits on power plants | Reuters

Reply With Quote

Reply



futures io > > > > Government proposes first carbon limits on power plants

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
China warns EU of carbon tax ‘trade war’ kbit News and Current Events 0 December 23rd, 2011 09:01 AM
EPA Announces New Rules for Power Plants kbit News and Current Events 0 December 22nd, 2011 03:56 PM
CFTC Votes 3-2 to Approve Limits on Commodity Speculation kbit News and Current Events 0 October 19th, 2011 12:18 PM
Error Message re Charting or DOM limits? TonyB Open E Cry 3 June 28th, 2011 07:46 PM
Why Congress Had to Extend Higher Limits for Mortgages Quick Summary News and Current Events 0 October 1st, 2010 01:30 PM


All times are GMT -4. The time now is 08:02 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-12 in 0.08 seconds with 19 queries on phoenix via your IP 54.234.255.29