President Donald Trump’s administration is moving to gut Biden-era climate regulations that it says could save the industry up to $670 billion in compliance costs.
Environmental Protection Agency chief Lee Zeldin says the agency is repealing the majority of the Biden administration’s greenhouse gas requirements for U.S. power plants. The EPA projects that alone will save $310 billion in compliance costs, and Zeldin has proposed eliminating all remaining greenhouse gas emission standards, which would save a projected additional $370 billion.
The move, first reported by the Washington Free Beacon, is aimed at boosting coal and natural gas power…
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