EPA Repeals CPP

Official rollback seen as huge win for coal as renewables regroup

This decision is one that most American citizens saw coming. Scott Pruitt and the Environmental Protection Agency announced Tuesday the official proposal for repeal of the Clean Power Plan.

The plan which was a cornerstone of the Obama administration’s environmental efforts against climate change was proposed in 2014, but never implemented due to a series of political roadblocks. Although its statistical numbers for carbon emissions restrictions were finalized in August 2015, the CPP was delayed through a stay issued by the Supreme Court on February 9th, 2016. President Trump signed an executive order asking the EPA for formalized repeal about a year later. Now, here we are.

The decision is seen as a big victory for coal companies’ interests, whom Pruitt has long championed. Traditional power plants viewed the legislation as unfair regulation that favored renewables and forced them to shut down.

“I would do away with these incentives that we give to wind and solar,” Pruitt told the Hill October 9 before the big reveal. “I’d let them stand on their own and compete against coal and natural gas and other sources, and let utilities make real-time market decisions on those types of things as opposed to being propped up by tax incentives and other types of credits that occur, both in the federal level and state level.”

Renewable energy companies will now have to regroup, but they do not seem easily deterred. In the third financial quarter of 2017, U.S. clean energy spending hit 2-year high, and $30 billion has been spent on renewable energy since President Trump’s initial call for repeal in March, according to Bloomberg.

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