The Environmental Protection Agency (EPA) is set to propose the removal of greenhouse gas regulations established during the Biden administration. These regulations have reportedly imposed an additional $1.3 billion per year in costs on the energy industry, according to information obtained by The New York Post.
EPA Administrator Lee Zeldin is expected to announce later today the repeal of two emissions standards. These standards targeted coal and gas power plants that generate electricity and were projected to increase energy costs by nearly $20 billion over the next two decades.
Zeldin commented on the move, stating, "The sole purpose of these Biden-Harris administration regulations was to destroy industries that didn’t align with their narrow-minded climate change zealotry." He further added, "Together, these rules were designed to regulate coal, oil and gas out of existence."
This decision is anticipated to save more than $1 billion annually after eliminating the Biden-era emissions standards for gas and coal power plants.
