Obama Set to Introduce New EPA Rule

obamaPresident Obama will roll out new EPA rules on carbon emissions in the upcoming week, rules that are expected to cost the U.S. economy over $50 billion a year, and put 244,000 people out of a job from now until 2030.  Those numbers come from the U.S. Chamber of Commerce, which studied the likely effects of the president’s pet project.  It’s not typical that the president himself would roll out new rules from the EPA, but Obama has made it clear that he has been the driver behind the new rules.  The Chamber’s report says 40 percent of the existing coal capacity of the U.S. could be shut down by 2030, driving the costs for energy sharply higher.  In fact, the Chamber says Americans will be paying $17 billion dollars more per year for electricity as result of the rule.  Job losses are expected to peak at 442,000 in 2022.  Moreover, scientists and energy experts agree the new rules will do very little to reduce pollution. Pictured: Barack Obama

Comments are closed.