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Report: Obama’s Climate Plan Will Shrink Coal Industry By 48 Percent Regulations to cost
Free Beacon ^ | 8/4/15 | Elizabeth Harrington

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 ...


TOPICS: News/Current Events
KEYWORDS: climate; coal; plan; shrink
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To: Nachum; MeshugeMikey

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.


21 posted on 08/04/2015 3:19:13 PM PDT by a fool in paradise ("Psychopathia Sexualis, I'm in love with a horse that comes from Dallas" - Lenny Bruce (1958))
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To: ilovesarah2012

The fools will love him even as they freeze or bake and starve.


22 posted on 08/04/2015 3:19:16 PM PDT by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.)
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To: Nachum

and electricity bill will skyrocket, too


23 posted on 08/04/2015 3:20:52 PM PDT by RaceBannon (Rom 5:8 But God commendeth his love toward us, in that, while we were yet sinners, Christ died for)
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To: waterhill

Just necessary eggs to break for a green marxist paradise omelet.


24 posted on 08/04/2015 3:21:00 PM PDT by wally_bert (There are no winners in a game of losers. I'm Tommy Joyce, welcome to the Oriental Lounge.)
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To: a fool in paradise

“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.


25 posted on 08/04/2015 3:21:37 PM PDT by EQAndyBuzz (Democrats are parasites. It really is that simple.)
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To: Nachum

The congressional response is?


26 posted on 08/04/2015 3:23:39 PM PDT by dainbramaged (Get out of my country now)
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To: Nachum

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!!!


27 posted on 08/04/2015 3:39:47 PM PDT by PennsylvaniaMom ( Just because you are paranoid, it doesn't mean they aren't out to get you...)
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To: Jim Robinson

It’s going to take a large shovel to clean the mess that this jug-eared Mussolini wannabe will leave behind.


28 posted on 08/04/2015 3:49:07 PM PDT by windsorknot
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To: a fool in paradise

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


29 posted on 08/04/2015 4:03:50 PM PDT by MeshugeMikey ("Never, Never, Never, Give Up," Winston Churchill ><>)
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To: Nachum; All


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30 posted on 08/04/2015 4:19:37 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Nachum

So only rich people will be able to afford electricity. How compassionate!


31 posted on 08/04/2015 5:07:35 PM PDT by Da Bilge Troll (Defeatism is not a winning strategy!)
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To: 2banana

“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.


32 posted on 08/04/2015 7:26:42 PM PDT by Sun (Pray that God sends us good leaders. Please say a prayer now.)
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To: Nachum

The jug-eared jackass is literally playing with fire.


33 posted on 08/04/2015 7:38:53 PM PDT by windsorknot
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