The Environmental Protection Agency (EPA) is removing Biden administration greenhouse gas regulations — which saddled the energy industry with an extra $1.3 billion per year in costs — in order to provide cheaper coal and natural gas production,

In its proposed regulation, the Trump EPA argues that carbon dioxide and other greenhouse gases from fossil fuel-fired power plants “do not contribute significantly to dangerous pollution” or to climate change and therefore do not meet a threshold under the Clean Air Act for regulatory action.

The Environmental Protection Agency is proposing to scrap two major federal regulations that limit air pollution and planet-warming emissions from coal and gas-fired power plants, the agency’s head announced Wednesday.