“A thinly veiled electricity tax that will hurt jobs,” says Senator Inhofe.
Over the Christmas holidays the Obama administration unveiled the first-ever standards to slash mercury emissions from coal-fired plants, a move supposedly aimed at protecting public health but which critics say will kill jobs as plants are shuttered and shut down.
The new standards will cost utilities about $9.6 billion annually according to the EPA’s own estimates.
The rules will also result in the loss of more than 1.4 million jobs by 2020 as utilities are forced to shut old coal-fired power plants, said lobbyist Scott Segal.
“This rule is the most expensive air rule that EPA has ever proposed in terms of direct costs,” Segal said. “It is certainly the most extensive intervention into the power market and job market that EPA has ever attempted to implement.”
Senator James Inhofe (R) called the rule “a thinly veiled electricity tax that will hurt jobs.”
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Thanks to Robert Stom for this link
“Electric vehicles are never going to be the main form of transportation if the current administration insists on undermining our coal power plants (which generate our electricity),” says Robert.