How can anyone think this is in any way a good idea with the state of the economy? Any Greenies out there want to defend this?
Written by Brian Koenig
Monday, 22 August 2011 16:20
The Environmental Protection Agency (EPA) is sketching out a regulatory blueprint designed to control pollution levels from coal-fired power plants, and lying under the torrent of new regulations will be mercury, smog, water intake, coal ash, and greenhouse gases.
Over the next 18 months, the EPA will put forth efforts to curb mercury emissions, place limits on smog-forming compounds like sulfur-dioxide, enact new rules for coal-ash waste, and implement new standards to contain greenhouse-gas emissions from oil refineries and power plants. “This year is going to be critical for paving a pathway for reducing carbon-dioxide pollution because of those EPA rules,” suggestedDaniel Weiss of the Center for American Progress. “Assuming, that is, they’re not stopped.”
Industry leaders and congressional members note that the EPA’s new regulations will mount a heavy toll on the coal industry, because they will force coal-fired power plants to install costly new renovations — or, in many cases, shut down altogether.
As the stagnant U.S. economy continues to plague the country, and as regulatory burdens persist, opposition from industry leaders has sprung. The American Legislative Exchange Council and the Edison Electric Institute, an industry representative for investor-owned utilities, have tagged the developing regulations"EPA’s Regulatory Train Wreck,"as they claim the new rules will cost utilities up to $129 billion and eliminate one-fifth of coal capacity. The Edison Electric Institute also notedthat the **U.S. government’s regulatory war on coal could retire up to 90,000 megawatts of coal-fired electricity generation.
**Another concern is further damage to the very issue President Obama is so determined to reverse — the unemployment rate. According to a Commerce Department analysis, the regulations would costup to 60,000 jobs, a much higher figure than the agency originally purported.