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And other news this morning President Obama will announce plans for -- climate change today and its impact expected to be felt across several.
Different industries costing hundreds of thousands of jobs here to explain -- Fox Business Network -- in the good morning guys get.
Morning had a so President Obama -- even given his environmental addressed yet the market's already started reacting yesterday.
With coal prices sliding partially due to the prospect.
That the president will announce plans for regulating greenhouse gas emissions from existing power plants.
For the first time that the administration.
Already has drafted rules -- curtail emissions at new power plants now administration officials say the president will -- to force existing coal plants.
To reduce carbon dioxide emissions which will likely force many of them to close.
Now with more than 11100 coal fire plants and almost 4000 gas fired plants.
Estimated to be in service across the country -- from The Heritage Foundation.
Says the new standards could cost more than 500000.
Jobs before 2030 and boost energy prices by 20%.
But environmental group they welcome the news saying the plan tackles the largest sources of carbon.
And it shows the rest of the world that the US is serious about climate change sources say.
The president will also announce more aggressive steps to increase efficiency for home appliances.
And pledged to massively increase the production of renewable energy on public lands and on low income housing site.
And keep in mind none of these steps require congressional approval so this is also being seen.
As a sign -- the president saying he's done waiting for the lawmakers to act on climate change and instead will seek ways to work around them either.
-- joining us this morning thank you and it is now.
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