Recently, the Environmental Protection Agency (EPA) released a new regulation that mandates the reduction of carbon dioxide emissions from existing power plants. This regulation was originally designed by the Natural Resources Defense Council, a New-York based firm that employs over 350 attorneys and activists, is incredibly complex. Recently, William Yeatman, a scholar with the Competitive Enterprise Institute, produced a paper explaining the rule for non-attorneys. He explains that the regulation goes beyond Congressional authority, is contrary to the Americans preferences, and will lead to a takeover of state electric grids by the federal government.
