Obama Revamps $8 Billion Coal Program Amid Objections

Under fire from coal producers and lawmakers from coal-producing states, the Obama administration is revamping an $8 billion federal loan-guarantee program to help companies reduce their carbon dioxide emissions.

The plan announced yesterday is part of a broader strategy for dealing with the risks of climate change that President Barack Obama unveiled last week. His policy relies on cuts to carbon emissions at new and existing power plants that will probably reduce coal use in the U.S.