Posted on 08/04/2015 2:44:25 PM PDT by Nachum
President Barack Obama’s plan targeting coal-burning power plants will cost a quarter of a million jobs and shrink the coal industry by nearly half, according to a new report by the American Action Forum (AAF).
The president released final regulations from the Environmental Protection Agency (EPA) on Monday, which require every state to meet strict emission standards for coal-burning power plants in the next 15 years.
The so-called “Clean Power Plan” will cost the industry $8.4 billion, nearly 10 times more expensive than the most burdensome regulation released this year, according to AAF, a center-right think tank led by Douglas Holtz-Eakin, former director of the Congressional Budget Office.
“This week, the Environmental Protection Agency (EPA) released its final greenhouse gas (GHG) standards for existing power plants,” according to the report, authored by AAF’s director of regulatory policy Sam Batkins. “The final plan will shutter 66 power plants and eliminate 125,800 jobs in the coal industry.”
“Perhaps more alarming, using the 2012 baseline for coal generation and projections for 2030 output, the industry could shrink by 48 percent,” the report said.
AAF based its report on EPA data, which estimated that the rules would lead to 34,000 “net decrease in job-years,” or jobs. However, the AAF argues nearly four workers depend on a single energy job.
“In AAF’s last measurement of the economic loss of the rule, we used a PricewaterhouseCoopers study that found one energy job supports 3.7 additional jobs,” the report said. “If we take that multiplier and apply it to EPA’s figure of 34,000 jobs, it nets a total employment impact of 125,800 fewer workers.”
(Excerpt) Read more at freebeacon.com ...
Build some nuclear plants NAOW!!!
Liberal Democrats thought it was great for Iran to build them. Now is the time for us to build more too.
The fools will love him even as they freeze or bake and starve.
and electricity bill will skyrocket, too
Just necessary eggs to break for a green marxist paradise omelet.
“Liberal Democrats thought it was great for Iran to build them. Now is the time for us to build more too.”
And that my friends is how you beat liberals. Hit them over the head with their own stupidity.
The congressional response is?
It will be here in PA...
Our newly elected, Greenie Dim Gov. Tom Wolfe <3 ‘s Obama and all things Green...and did I mention he’s an ObotFanBoy?
Here Wolfe will get to shut down what’s left of the fracking; what’s left of the coal mines; our coal fired plants and our nuke plants! With those credentials Wolfie will be face time at the DNC convention!!! Woo hoo!!!
It’s going to take a large shovel to clean the mess that this jug-eared Mussolini wannabe will leave behind.
Coal IS the filthiest stuff on Earth....but lacking an alternative...we could qucikly go DARK AGES...
Oak Ridge Lab Coal Combustion Report
http://wattenburg.us/techreports.html
this man knows his stuff
Pro Nuclear as they come and up to speed across the board
So only rich people will be able to afford electricity. How compassionate!
“And raise electric bills by HOW MUCH?”
Yup, besides the job losses, some people are going to be very cold in the winter, because they simply can’t afford to pay the amount it takes to keep warm.
Obama promised to shut down the coal industry, but yet he still won elections twice.
The jug-eared jackass is literally playing with fire.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
