Donald Trump boasted last month that the Obama Administration’s plan to regulate power plants will soon be “boom, gone.” Energy companies long assumed that when the dust settled, Trump would then put forward a plan more to their liking.
Instead, the Administration has no plans, and that’s making them nervous.
The Environmental Protection Agency announced Tuesday that it would repeal the Clean Power Plan, which seeks to lower the amount of carbon dioxide emitted by power plants. But the agency currently has no plan to replace it either, surprising many energy company executives.
“Most industry groups believe that the [Clean Power Plan] should be repealed,” said Jeff Holmstead, a former senior EPA official under George W. Bush who now represents energy companies, in an