The Biden administration is reportedly finalizing a proposal that would force fossil fuel-fired power plants to substantially curb emissions or utilize costly carbon capture technology.

The proposal — which will soon be released by the Environmental Protection Agency (EPA) — is expected to require coal- and natural gas-fired power plants to cut or capture the vast majority of their carbon dioxide emissions by 2040, The New York Times reported on Saturday, citing officials briefed on a draft of the plan. The regulation, if finalized, would represent the first-ever federal action curbing power plant emissions.

"EPA cannot comment because the proposals are currently under interagency review," EPA spokesperson Maria Michalos told Fox News Digital in a statement.

"But we have been clear from the start that we will use all of our legally-upheld tools, grounded in decades-old bipartisan laws, to address dangerous air pollution and protect the air our children breathe today and for generations to come," Michalos said.... Read More: FOX News