EPA may miss deadline on climate rule

From: Politico

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The Obama administration is on the verge of missing its January deadline for finishing a landmark regulation in the president’s climate agenda — a delay that supporters insist doesn’t imperil the effort, but which comes just as a hostile GOP is about to take control of the Senate.

The EPA has a Jan. 8 legal deadline to finish the regulation, aimed at throttling carbon pollution from future power plants, but people closely following the rule think the agency could miss that date by months. Among other omens, EPA hasn’t yet submitted the rule to the White House Office of Management and Budget for review, a process that normally takes 30 to 90 days.

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On the ground, it doesn’t matter much if EPA misses January’s deadline for the rule on future plants: The amount of time it takes to get a multibillion-dollar, coal-fired power plant off the ground means that with the proposed rule hovering, utilities and investors essentially can’t make plans to build new coal plants unless they can capture their carbon dioxide.

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