“The Obama agenda seeks to control the way we live, work, and act by controlling the sources of energy we use. This rule gives more power to Obama regulators by giving fewer sources of affordable energy to American consumers.” – IER President Thomas J. Pyle
WASHINGTON D.C. — The U.S. Environmental Protection Agency is preparing today to issue a proposed rule for greenhouse gas emissions from new power plants, a move that industry experts believe “effectively bans new coal plants” in the United States. Currently, coal-fired energy provides nearly 45 percent of America’s electricity needs, while solar and wind energy provide a combined 2.33 percent.
IER President Thomas Pyle released the following statement in advance of EPA’s proposed rule:
“President Obama promised to bankrupt coal-powered electricity in the United States, and this latest rule — when combined with the administration’s new rules for mercury emissions and cross-state pollution — makes good on that promise. Already, towns like Craig, Colo., whose economies rely on coal-fired electricity generation, are struggling under the burden of Obama regulations.
“Because the administration couldn’t shut down towns like Craig through cap-and-trade laws, the President has determined to impose his agenda through the EPA. This development is not surprising, given the president’s assurance that cap-and-trade was ‘just one way of skinning the cat.’
“The United States has the largest coal reserves of any country in the world with 486 billion short tons of technically recoverable resources. States like Wyoming, West Virginia, Kentucky, Pennsylvania, and Montana lead the nation in producing this valuable resource for affordable electricity. If the EPA’s new rules are finalized, entire industries across the United States will be pushed out of business — and jobs with them.
“The EPA’s increasingly politicized rule making is clear. Administrator Lisa Jackson and her regulatory enforcers are advancing an agenda that gives tremendous financial benefit and market advantage to the president’s closest allies in the renewable sector and satisfies the ideological demands of environmental extremists who want to destroy traditional energy in America.
“The Obama agenda seeks to control the way we live, work, and act by controlling the sources of energy we use. This rule gives more power to Obama regulators by giving fewer sources of affordable energy to American consumers.”
The Institute for Energy Research (IER) is a not-for-profit organization that conducts intensive research and analysis on the functions, operations, and government regulation of global energy markets. IER maintains that freely-functioning energy markets provide the most efficient and effective solutions to today’s global energy and environmental challenges and, as such, are critical to the well-being of individuals and society.
