Take a Deep Breath, EPA to Regulate CO2
The EPA finding comes about two years after the Supreme Court found that carbon dioxide is a pollutant under the Clean Air Act and that the EPA can regulate it.
American Electric Power, a utility giant with 5.2 million customers in states from Texas to Michigan to Virginia, is already considering what coal plants would have to be shuttered and how high rates would have to go to comply with either a regulatory or legislative mandates to curb carbon dioxide. AEP spokesman Pat Hemlepp said rate increases stretch from 25% to 50% and beyond, depending on the climate change strategy that finally emerges from Washington.
Is CO2 the problem? Surely we can come up with a better solution then to have the EPA impose restrictions that will close plants.
Any Ideas or should we just dump coal and utility stocks and try to stop breathing?