BLOOMBERG • March 15, 2024
U.S. coal-fired power plants could be forced to shut down two years sooner than envisioned under a Biden administration plan to stifle pollution from the electricity sector. The potential change being seriously considered now by administration officials would accelerate the required retirement date for coal plants that opt against installing carbon-removal technology at the sites. That would be a tougher approach than what the Environmental Protection Agency outlined in an initial proposal last year that would give companies until 2040 to shutter the sites.