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Gas boom dulls carbon rule's effect
Gas boom dulls carbon rule's effect

Despite fears that the Obama administration's proposed rule to curb carbon-dioxide pollution could wreak severe damage on the economy, the true effect is likely to be much more modest. And a key reason can be linked to the nation's boom in natural gas production. The Environmental Protection Agency, in announcing plans Monday to reduce power plant emissions 30% by 2030 from 2005 levels, estimated that the measure will cost up to $8.8 billion annually for compliance. It noted that the health and social benefits from the cleaner air probably will exceed $55 billion a year by 2030, far outweighing the costs. The government's cost figures were much smaller than last...

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