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Obama said he would bankrupt the coal industry and force electricity to skyrocket, now he plans to keep that campaign promise.

Coal Regs Would Kill Jobs, Boost Energy Bills


Two new EPA pollution regulations will slam the coal industry so hard that hundreds of thousands of jobs will be lost, and electric rates will skyrocket 11 percent to over 23 percent, according to a new study based on government data.

Overall, the rules aimed at making the air cleaner could cost the coal-fired power plant industry $180 billion, warns a trade group.

[Check out a roundup of political cartoons on energy policy.]

“Many of these severe impacts would hit families living in states already facing serious economic challenges,” said Steve Miller, president of the American Coalition for Clean Coal Electricity. “Because of these impacts, EPA should make major changes to the proposed regulations before they are finalized,” he said.

The EPA, however, tells Whispers that the hit the industry will suffer is worth the health benefits. “EPA has taken a number of sensible steps to protect public health, while also working with industry and other stakeholders to ensure that these important Clean Air Act standards—such as the first ever national Mercury and Air Toxics Standards for coal-fired power plants—are reasonable, common-sense, and achievable,” said spokesman Brendan Gilfillan. [Read Rep. Darrell Issa: Obama's Bad Policy, Harmful Regulations Add to Gas Prices.]

What’s more, officials said that just one of the rules to cut sulfur dioxide and nitrogen oxide emissions will would yield up to $290 billion in annual health and welfare benefits in 2014. They say that amounts to preventing up to 36,000 premature deaths, 26,000 hospital and emergency room visits, and 240,000 cases of aggravated asthma. “This far outweighs the estimated annual costs,” says an official on background. [Check out political cartoons on the economy.]

Still, the EPA did note that the two new antipollution rules are “pending” and that the agency has “accepted and are considering feedback” from the industry.

The industry says the costs and potential to lose four jobs for every new clean energy job created isn’t worth the rules, especially in a job-starved economy. [See a slide show of the best cities to find a job.]

Referring to the analysis of the EPA regulations from National Economic Research Associates, Miller said they would be the most expensive rules ever imposed on power plants.

Coal-fired energy plants currently fuel about half of the nation’s energy supply.

http://www.usnews.com/news/blogs/wa.../coal-regs-would-kill-jobs-boost-energy-bills

 

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Obama said he would bankrupt the coal industry and force electricity to skyrocket, now he plans to keep that campaign promise.

Coal Regs Would Kill Jobs, Boost Energy Bills


Two new EPA pollution regulations will slam the coal industry so hard that hundreds of thousands of jobs will be lost, and electric rates will skyrocket 11 percent to over 23 percent, according to a new study based on government data.

Overall, the rules aimed at making the air cleaner could cost the coal-fired power plant industry $180 billion, warns a trade group.

[Check out a roundup of political cartoons on energy policy.]

“Many of these severe impacts would hit families living in states already facing serious economic challenges,” said Steve Miller, president of the American Coalition for Clean Coal Electricity. “Because of these impacts, EPA should make major changes to the proposed regulations before they are finalized,” he said.

The EPA, however, tells Whispers that the hit the industry will suffer is worth the health benefits. “EPA has taken a number of sensible steps to protect public health, while also working with industry and other stakeholders to ensure that these important Clean Air Act standards—such as the first ever national Mercury and Air Toxics Standards for coal-fired power plants—are reasonable, common-sense, and achievable,” said spokesman Brendan Gilfillan. [Read Rep. Darrell Issa: Obama's Bad Policy, Harmful Regulations Add to Gas Prices.]

What’s more, officials said that just one of the rules to cut sulfur dioxide and nitrogen oxide emissions will would yield up to $290 billion in annual health and welfare benefits in 2014. They say that amounts to preventing up to 36,000 premature deaths, 26,000 hospital and emergency room visits, and 240,000 cases of aggravated asthma. “This far outweighs the estimated annual costs,” says an official on background. [Check out political cartoons on the economy.]

Still, the EPA did note that the two new antipollution rules are “pending” and that the agency has “accepted and are considering feedback” from the industry.

The industry says the costs and potential to lose four jobs for every new clean energy job created isn’t worth the rules, especially in a job-starved economy. [See a slide show of the best cities to find a job.]

Referring to the analysis of the EPA regulations from National Economic Research Associates, Miller said they would be the most expensive rules ever imposed on power plants.

Coal-fired energy plants currently fuel about half of the nation’s energy supply.

http://www.usnews.com/news/blogs/wa.../coal-regs-would-kill-jobs-boost-energy-bills
Obama will not be happy till every white hard working American is living under the same conditions his black brothers do in the ghetto. it is all about get even for slavery.
 

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AEP says it will close five coal plants to comply with EPA regs

Utility giant American Electric Power said Thursday that it will shut down five coal-fired power plants and spend billions of dollars to comply with a series of pending Environmental Protection Agency regulations.

The company’s dramatic plan to comply with the regulations could give Republicans and moderate Democrats ammunition in their ongoing fight against EPA's efforts to impose new regulations aimed at limiting greenhouse gas emissions and air pollutants including mercury and arsenic.

Rep. Shelley Moore Capito (R-W.Va.) and Sen. Joe Manchin (D-W.Va.) immediately pounced on AEP's announcement.

“This is a perfect example of the EPA implementing rules and regulations without considering the devastating impact they may have on local economies and jobs,” Capito said.

Capito said she will write a letter to EPA Administrator Lisa Jackson asking whether the agency took into account the economic impact of its regulations.

"Let me be clear, it’s decisions like the one made by AEP today that demonstrate the urgent need to rein in government agencies like the EPA, preventing them from overstepping their bounds and imposing regulations that not only cost us good American jobs, but hurt our economy," said Manchin, an outspoken critic of the EPA.

But EPA defended its regulations Thursday, noting that the agency has worked closely with industry to ensure that its regulations are “reasonable, common-sense and achievable.”

The agency also stressed that the regulations are essential for protecting public health.

“These reasonable steps taken under the Clean Air Act will reduce harmful air pollution, including mercury, arsenic and other toxic pollution, and as a result protect our families, particularly children,” EPA said in a statement.

In a statement outlining its plan to comply with EPA's regulations, AEP said it would need to retire 6,000 megawatts of coal-fired power generation in the coming years.

The company, one of the country’s largest electric utilities, estimated that it will cost between $6 billion and $8 billion in capital investments over the next decade to comply with the regulations in their current form.

The costs of complying with the regulations will result in an increase in electricity prices of 10 to 35 percent and cost 600 jobs, AEP said.

In total, AEP estimated it will have to close five coal-fired power plants by the end of 2014. Six additional plants would see major changes, including retiring some generating units, retrofitting equipment and switching to natural gas.

“We support regulations that achieve long-term environmental benefits while protecting customers, the economy and the reliability of the electric grid, but the cumulative impacts of the EPA’s current regulatory path have been vastly underestimated, particularly in Midwest states dependent on coal to fuel their economies,” AEP CEO Michael Morris said in a statement.

The company said its compliance plan could “change significantly” if EPA’s regulations are altered.

http://thehill.com/blogs/e2-wire/67...ost-billions-and-result-in-five-closed-plants
 

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I guess if I'm living outside in a tent, I would want the air to be fresher, and with less pollution.

Thank you Mr. President. :buhbye:
 

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I guess if I'm living outside in a tent, I would want the air to be fresher, and with less pollution.

Thank you Mr. President. :buhbye:
If this keeps up, you will be living in a tent...
 
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