Businesses Warn: Higher Prices For Everything To Follow New EPA Mandates

Saturday, May 17, 2014
By Paul Martin

by: Daniel Jennings
May 17, 2014

The EPA’s latest effort to reduce carbon dioxide emissions could devastate the American economy and US businesses by phasing out major sources of energy, a number of industry and business groups are warning.

One of those major sources of energy includes coal, which provides 40 percent of the nation’s power.

“Congress never intended for the Clean Air Act to authorize EPA’s extraordinary policy decisions to phase out entire sources of energy in this proposed rulemaking,” the American Fuel & Petrochemical Manufacturers (AFPM) and the American Petroleum Institute alleged in comments to the EPA. The organizations were commenting on proposed new rules for power plants, oil refineries and other industrial facilities.

“Mandating the use of specific energy sources will only serve to drive up U.S. manufacturers’ costs,” Charles T. Drevna of the AFPM said. “Our nation is on the verge of a manufacturing renaissance, but this and other all-cost, little-to-no-benefit rules will threaten our tremendous opportunity, erode our competitive advantage and drive business overseas.”

Shortages of Electricity Possible

The Rest…HERE

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