U.S. formally proposes scrapping Obama's carbon-cutting plan

Reuters: WASHINGTON/NEW YORK (Reuters) - The head of the U.S. Environmental Protection Agency formally proposed on Tuesday to scrap the agency’s Obama-era plan to reduce greenhouse gas emissions from power plants, as the Trump administration seeks to slash fossil fuel regulation.

EPA Administrator Scott Pruitt issued a notice that the agency intended to repeal the Clean Power Plan, which it said relied on controversial calculations of economic costs and benefits.

The agency said it is “committed to righting the wrongs of the Obama administration by cleaning the regulatory slate.”

The EPA is obliged to regulate carbon emissions after it found in 2009 that pollution caused by such emissions endangers human health.

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