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U.S. Chamber says new EPA rule could cost economy $51 billion a year
U.S. Chamber says new EPA rule could cost economy $51 billion a year

Signaling growing industry opposition to the Obama administration’s forthcoming proposal to curb carbon emissions from power plants, the U.S. Chamber of Commerce warned in a report Wednesday that the climate-change rule could cost the economy tens of billions of dollars in lost investment and millions of jobs. The Environmental Protection Agency is expected Monday to unveil regulations that would push states to make significant cuts in pollution from coal generators, which account for about 40% of all greenhouse-gas emissions in the country. Although the size of the proposed reduction has yet to be announced, the chamber’s report estimated that such a rule could result in an...

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