Biden administration finalizes rule forcing power plants to cut nearly all emissions by 2032

The Biden administration on Thursday finalized new rules that drastically cut emissions from natural gas and coal-fired power plants, which will force some to shut down unless they make expensive upgrades. The stringent suite of rules, part of President Biden’s climate change agenda to achieve a zero-emission electrical grid by 2035, will require coal and natural gas plans to eliminate 90% of emissions by 2032, either by capturing them through new technology or by cutting production. Many coal plants are expected to shutter under the new rules. “Today, EPA is...