Senate Republican Leader Mitch McConnell commented today regarding President Obama’s proposed rule on fossil fuel power plants which is expected to be announced early next week. According to a report by the U.S. Chamber of Commerce’s Institute for 21st Century Energy, President Obama’s rule is expected to eliminate jobs in Kentucky and across the nation, harm the nation’s economy and increase utility rates by over-regulating our power plants.
“From what we have heard this is just the latest attempt at a national energy tax by the Obama Administration and yet another assault on Kentucky coal jobs and the Commonwealth’s economy. It will not only have a negative impact on Kentucky coal jobs and economy but will result in an increase in our utility
rates, one of our state’s competitive advantages,” Senator McConnell said. “I have long fought against Obama’s War on Kentucky coal, and I will continue to fight back by introducing legislation next week on behalf of our coal miners and Kentucky families to stop Obama from imposing this national energy tax — a failed tax which has already been rejected by Congress. The President’s plan would destroy jobs and raise costs for families across America, and Congress must listen to these families—even though the President won’t.”
Senator McConnell’s legislation would block the administration’s efforts to impose this new national energy tax. He will further discuss his legislation during a speech on the Senate floor next week.
BACKGROUND: ‘Obama Climate Rule Will Kill Jobs’ & Cause ‘A Steep Surge In Energy Prices’
STUDY: ‘224,000 Fewer U.S. Jobs On Average Every Year’
“The nation’s biggest business lobby says President Barack Obama’s plan to tackle climate change could cost the U.S. economy $50 billion a year.” (“Chamber Study Predicts Obama Climate Rule Will Kill Jobs,” Bloomberg News, 5/28/14)
“The Environmental Protection Agency’s (EPA) plans to regulate carbon dioxide emissions from power plants will… Lead to 224,000 fewer U.S. jobs on average every year through 2030.” (U.S. Chamber Of Commerce, Press Release, 5/28/14)
“…the Chamber of Commerce said the rules would have an effect well beyond the coal industry by leading to job losses in the broader economy. ‘EPA should recognize that, beginning with this rulemaking, its greenhouse gas regulatory agenda will reverberate throughout the economy,’ the Chamber wrote to EPA.” (“Coal Rules Will Devastate, Say Biz Groups,” The Hill, 5/13/14)
STUDY: ‘Electricity Costs Will Increase’
“The Environmental Protection Agency’s carbon dioxide limits for new power plants will devastate the economy by leading to a steep surge in energy prices, the coal industry and its allies warned.” (“Coal Rules Will Devastate, Say Biz Groups,” The Hill, 5/13/14)
· “…study predicts electricity costs will increase, especially in the coal-heavy states of the Midwest and South…” (“Chamber Study Predicts Obama Climate Rule Will Kill Jobs,” Bloomberg News, 5/28/14)
CHAMBER: “The Environmental Protection Agency’s (EPA) plans to regulate carbon dioxide emissions from power plants will… Force U.S. consumers to pay $289 billion more for electricity through 2030.” (U.S. Chamber Of Commerce, Press Release, 5/28/14)
“The American Council for Clean Coal Electricity said EPA’s proposal would effectively ban new coal generation, since it will require a technology that is not widely available.” (“Coal Rules Will Devastate, Say Biz Groups,” The Hill, 5/13/14)
· “‘These new standards effectively take coal off the table as an option for new generation resources,’ the American Coal Council said. The United States depends on coal for 40 percent of its electric generation, ACC said.” (“Coal Rules Will Devastate, Say Biz Groups,” The Hill, 5/13/14)