• NMA Says EPA’s Cap-and-Tax Regulations for Greenhouse Gas Emissions will Crush Jobs and Destroy Economic Recovery

NMA Says EPA’s Cap-and-Tax Regulations for Greenhouse Gas Emissions will Crush Jobs and Destroy Economic Recovery

National Mining Association (NMA) President and CEO Hal Quinn issued the following statement upon word the Environmental Protection Agency (EPA) would today propose new technology standards for controlling greenhouse gas emissions from coal-based power plants:


 

“EPA’s proposal for controlling greenhouse gas emissions from about half the nation’s electric power supply is a poorly disguised cap-and-tax scheme that represents energy and economic policy at its worst. Higher utility bills and fewer jobs are the only certain outcomes from this reckless attempt to override Congress’s repeated refusal to enact punitive caps on carbon dioxide emissions.

“Requiring coal-based power plants to meet an emissions standard based on natural gas technology is a policy overtly calculated to destroy a significant portion of America’s electricity supply. This is a movie we have seen before, and the script remains unchanged. Volatile natural gas prices will, once again, expose millions of households to higher utility bills, threaten hundreds of thousands of workers with unemployment and weaken both the competitiveness of basic industries and the reliability of the nation’s electricity grid.

“This proposal is the latest convoy in EPA’s regulatory train wreck that is rolling across America, crushing jobs and arresting our economic recovery at every stop. It is not an “all of the above” energy strategy; it does not create jobs; and it does not make it easier for Americans to pay their mortgages. Instead, the proposed New Source Performance Standards would deliberately push America to abandon coal, its most abundant and reliable energy source in favor of costlier fuels—even though Congress has repeatedly rejected this policy.

“NMA urges Congress to assert its authority over an agency that disregards the public need for affordable electricity and ignores the overwhelming costs of its regulations.”

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