Business Brief – June 19, 2019

EPA Defies Climate Warnings, Gives Coal Plants a Reprieve

WASHINGTON (AP) – The Trump administration has replaced a landmark Obama-era effort that sought to wean the nation’s electrical grid off coal-fired power plants and their climate-damaging pollution. The move completes one of its biggest rollbacks of environmental rules. Environmental Protection Agency chief Andrew Wheeler has signed a replacement rule that instead gives states leeway in deciding whether to require efficiency upgrades at existing coal plants.