The Senate's expert on environmentalism, Jim Inhofe, warns us that since Congress refused to pass the so-called Cap and Trade bill, the Obama Administration is trying to implement it anyway by Environmental Protection Agency regulations. Directives are coming fast to increase energy costs and kill jobs. This agency has issued what it called a tailoring rule to govern new power plants, oil refineries and factories that emit carbon dioxide and other gases. This tailoring rule will reduce our manufacturing base and especially hurt the poor and elderly. Senator Inhofe warns that the new rules on ozone emissions will cost many jobs, and he predicts that the EPA standards planned for commercial and industrial boilers will cost 798,000 jobs.
Since Obama moved into the White House, the Environmental Protection Agency has proposed or finalized 29 major regulations and 172 major policy rules. This agency is, for the first time, simultaneously toughening the regulations on all six major traditional pollutants such as ozone and sulfur dioxide.
Opposition to these new rules is remarkably bipartisan. Seventeen Democrats signed a letter to the Director of the Environmental Protection Agency opposing the new rules. The new Democratic Senator from West Virginia was elected after running a TV ad showing himself firing a rifle to put a bullet through a copy of the Cap-and-Trade bill.
Aggressive overregulation by the government is forcing the electric industry to choose between continuing to operate while taking on major capital costs of complying with heavy new burdens, or by closing down and building new plants that use more expensive materials such as natural gas. The public will surely end up paying higher electric rates, which is the same as a big tax increase.
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