Arch Coal Inc (ACI) on Sunday responded to the U.S. Environmental Protection Agency's final "Clean Power Plan" rule that aims to curb greenhouse gas emissions from fossil fuel power plants.
In a statement, Arch Coal said, ""The Administration seems increasingly desperate to salvage an ill-advised and poorly designed rule, which won't work, won't pass muster with states, and won't stand up to legal scrutiny."
Arch Coal said more than 20 states are already preparing to challenge the proposed rule in court, adding that the rule wold only drive up electricity rates by double digits in 43 states.
Arch said it urges the Administration to ramp up dramatically its investments in low-carbon fossil fuel technologies.
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