China to abolish access restrictions on foreign investment in energy sector
Country to fully lift access restrictions on foreign investment in coal, oil, gas, power generation and new energy businesses, according to white paper.
EPA's radical new rules make building new coal-fired power plants unfeasible while 15% of existing capacity will be shut down within two years, reducing demand.
The controversial regulation, which some lawmakers already are trying to block, is one of the most sweeping efforts to tackle global warming by this or any other administration.