National Report Shows EPA Regs Would Hurt Colorado Economy

EPA-300The National Association of Manufacturers last week issued a national report that laid out the projected economic impact to each state if the restrictive ozone regulations proposed last November by the U.S. Environmental Protection Agency (EPA) are implemented. For Colorado, the study estimated that the rules would cost the state $16 billion in lost state gross domestic product from 2017 through 2040. The report projected a loss of 10,525 jobs per year. Colorado companies will face $815 million in compliance costs. Finally, each household is forecast to lose $390 in average household consumption annually. Last week’s issue of the Colorado Association of Commerce and Industry’s Colorado Capitol Report carried an article that detailed the letter sent by CACI President Chuck Berry to EPA Administrator Gina McCarthy, urging her to withdraw the proposed regulations. Berry also sent letters to members of the state’s Congressional Delegation and asked them to contact Administrator McCarthy to also urge her to pull the proposed regulations back.

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