Taming the EPA

The US House of Representatives deserves applause for passing legislation to limit the Environmental Protection Agency's regulation of electric power plants. But the welcome move has two problems. It will not become law. And it necessarily targets only one monster in a herd of regulatory beasts. Oil and gas companies must worry about both problems. With its power-plant regulation, the EPA has foreclosed construction of coal-fired generators by essentially requiring that emissions of carbon dioxide be captured and sequestered underground. For most prospective plants in most places, the technology isn't economic. EPA required it anyway because it has appropriated the mission of cutting emis...

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