Obama to Tap Executive Powers to Fight ‘Climate Change,’ Rein in CO2 Emissions

摘要

U.S. President Obama said he will use his executive powers to rein in carbon emissions at power plants – a move that will further cripple coal but could aid the natural gas industry. Obama also called again for the end of tax subsidies to “Big Oil” and repeated that approval of TransCanada’s Keystone XL pipeline would hinge on how it could affect the environment. Industry leaders said Obama’s plans to regulate and raise taxes on oil and gas companies would be self-defeating. Such a move would knock back natural gas production and cause emissions to rise again.