Watching Government: When gas must replace coal

US oil and gas producers were only indirectly affected by the US Environmental Protection Agency's June 2 announcement of stricter carbon emissions limits for existing coal-fired power plants. Association leaders still responded quickly because the regulations made more definite an expected demand for natural gas as a replacement. American Petroleum Institute Pres. Jack N. Gerard was generally critical. "This proposal is not consistent with the administration's own 'all-of-the-above' energy strategy," he declared. "The uncertainty created will have a chilling effect on energy investment that could cost jobs, raise electricity prices, and make energy less reliable." Thr...

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