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The new rule will have a major impact on coal, which accounts for about 40 percent of U.S. electricity production. Dozens of coal-fired plants across the country could be forced to shut or spend billions on plant upgrades. Changing economics, including low natural gas prices and reduced electricity demand, are also major factors in coal-plant retirements. Most of the plants likely to close are decades old and inefficient. Obama maintains he has focused on common-sense rules. In January 2011, he ordered federal agencies to get rid of rules that were overly burdensome, redundant or inconsistent. The ax fell on hundreds of regulations. One high-profile reversal was on a pledge to strengthen restrictions on lung-damaging smog. Obama had promised to impose a standard that was stricter than one left in place by former President George W. Bush. But after months of review, the White House halted the new smog standards, explaining it was acting to reduce regulatory burdens and uncertainty in a shaky economy. Many of the delayed rules could take effect in a second Obama term. Romney is likely to try to relax or scrap them.
[Associated
Press;
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