Back in January 2008, Obama promised that his policies would make energy prices “skyrocket” as the energy industry passed along the exorbitant costs of his cap-and-trade policy. True to his promises, the EPA was successful in securing an update to the Clean Air Act this month which will put further regulations on power plants, this time on the emissions of mercury.
The measure is sparking warnings from industry groups that contend the new regulations are too expensive and will place dangerous pressure on the nation’s electrical grid.
Industry lobbyists and congressional Republicans who have fought vigorously to halt new clean-air rules, warned of rolling blackouts and massive layoffs in the energy sector if the regulations were implemented. Sen. James Inhofe (R-Okla.) vowed to introduce legislation to halt the mercury rule when Congress returns after the holiday break.
“This rule isn’t about public health. It is a thinly veiled electricity tax that continues the Obama administration’s war on affordable energy and is the latest in an unprecedented barrage of regulations that make up EPA’s job-killing regulatory agenda,” Inhofe said in an emailed statement. “I am determined to apply the brakes to President Obama’s runaway regulatory agenda before it wrecks our economy.
And what does that mean for you—the consumer? When power plants have to start retrofitting their operations to meet regulations, it costs money. And those costs are passed onto consumers. Just like Obama promised.
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