Senate GOP calling for repeal of Obama’s cap-and-trade executive order

Forty-one Republican Senators are fighting back on Obama’s new cap-and-trade rule that requires existing power plants reduce carbon dioxide emissions 30 percent by 2030.” Fox News,

“Senate Republicans have written the White House, urging President Obama to repeal his recently announced power plant rule that cajoles states into imposing cap-and-trade schemes on carbon dioxide emissions.

Republicans say that Obama’s rule is “all pain, no gain” and would result in higher energy prices and huge job losses as coal-fired power plants and coal mines are shut down to comply with federal emissions reduction mandates.”