Chamber: EPA’s new power-plant regs could cost us $50 billion by 2030; White House: Nuh, uh.

posted at 8:41 pm on May 28, 2014 by Erika Johnsen

The Environmental Protection Agency has yet to release their  highly anticipated regulations for existing power-plant emissions, so the Chamber of Commerce’s speculative study on the potential impact of these incoming regulations does seem somewhat premature — but that said, I don’t doubt their premise in the slightest. The EPA isn’t exactly known for having a light and impartial touch, and despite the vulnerable Democrats shaking in their boots at their imminent release, I would not count on these regulations coming at all cheaply or easily. That is kind of the point — President Obama has a climate legacy to establish, after all. Via The Hill, the Chamber suggests that the regs could eclipse $50 billion in annual costs through 2030:

The new study from the U.S. Chamber of Commerce comes ahead of the Environmental Protection Agency’s planned rollout of draft regulations at the center of President Obama’s climate change initiative.

The institute’s report concludes that the forthcoming regulations could diminish the nation’s coal-fired energy capabilities by a third, as plants unable to meet the new standards shutter. Coal currently represents roughly 40 percent of the country’s energy production, and is a major part of the employment picture in many states, including West Virginia, Kentucky, Wyoming and Pennsylvania.

The Chamber’s study says as many as 224,000 jobs would be eliminated annually through 2030 under the proposal.

The EPA bristled at the report, saying it is unfounded and based on speculation, since the details of the proposal would not be made public until next week.

“Critics have tried for years to convince people that more pollution equals more jobs and a better economy, but history has proved them wrong over and over again,” agency spokeswoman Liz Purchia said. “EPA has been around for more than 40 years; and throughout our history we’ve cut pollution by 70 percent while the economy has doubled.”

Huh. I’m going to skate over what I think was an implication that all pollution reduction has been because of government regulations (rather than the free market’s natural tendency toward innovation and ever-greater efficiency), and note that the EPA even put out a blog post reacting to the Chamber’s study, delivered to the Twitters by White House special adviser John Podesta:

We’ll have to wait for the regs’ release to know for sure, but I, too, am old enough to know what a broken record actually sounds like. The Obama administration has been wrong before, and will be wrong again on the devastating economic impacts of its policies — and how.


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Bye Erika!

coolrepublica on May 28, 2014 at 8:44 PM

Podesta is a lieing tool.
By the way Erika,, have I told you lately that you’re a smokin’ hottie? ;)

wolly4321 on May 28, 2014 at 8:57 PM

Meanwhile, Scooter Libby want’s to know when the Whitehouse will be appointing a Special Prosecutor to find out who leaked the CIA’s Afghanistan Station Chiefs identity.

oscarwilde on May 28, 2014 at 8:58 PM

I’m sensing a comeback for buffalo chips.

trigon on May 28, 2014 at 8:59 PM

When you have the President’s chief adviser insulting the Chamber of Commerce you know they’re getting desperate.

Good Luck Erika, and thanks for everything!

kcewa on May 28, 2014 at 9:00 PM

Barack Obama: “Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.” (January 2008)

Source

Newtie and the Beauty on May 28, 2014 at 9:01 PM

The Obama administration has been wrong before, and will be wrong again

You can count on it. Because liberals know EVERYTHING. Just ask ‘em.
Too bad all those shuttered coal-fired plants aren’t all around Washington. Just shut down DC. Who’d miss it?

GarandFan on May 28, 2014 at 9:09 PM

hussein! hussein!! hussein!!! The one! The uniter! The savior! He will stem the tide! He will heal the globe! He is an effing incompetent liberal, communist, sob, bent on destroying our country.

ultracon on May 28, 2014 at 9:09 PM

What a smarmy looking snake! Worse than Alan Colmes!

ultracon on May 28, 2014 at 9:10 PM

Thanks Erika for all of your topics and wish you all the best on your new endeavor.

Seems like more of the SOS. Destroy America as we know it huh.

I don’t see O taking the Senators pleas to postpone his next great speech Ugh.

CoffeeLover on May 28, 2014 at 9:12 PM

“Let me be clear… I spend that much just vacationing…right Moochie?”

viking01 on May 28, 2014 at 9:12 PM

40% of our electricity is still gotten from coal.

CoffeeLover on May 28, 2014 at 9:13 PM

Sorry to see you go Erika. will be nice to have someone with some sense fighting them though. Keep us informed .

Barred on May 28, 2014 at 9:14 PM

Erica, nothing but the best for your future. Please don’t become an enviro-nut. :)

Mimzey on May 28, 2014 at 9:21 PM

So the Chamber wants to offset it with amnesty.

Cindy Munford on May 28, 2014 at 9:21 PM

Weasel Boehner to Chamber:

“Aw, c’mon you can save twice that much by hiring those illegals I’ll send ya.”

viking01 on May 28, 2014 at 9:23 PM

I’m willing to accept any welfare payment from the government to bring about utopia. Just tell me where and when to queue for that cheque.

Murphy9 on May 28, 2014 at 9:31 PM

True. More like $100 billion. Or more.

rbj on May 28, 2014 at 9:32 PM

I hope HA can continue to post frequent analysis etc. on all things CAGW. The left has used this, and will continue, as a major tool with which to dismantle the American economy even further.

And once the damage is done, it will be very hard and expensive to restart the energy infrastructure…and well nigh impossible with the hyenas in the press shrieking at every step

I wish you well, Erika…and I hope that HA can maintain your momentum

r keller on May 28, 2014 at 9:37 PM

Podesta is poison. There had better be a very critical eye directed towards his mischief and demands for accountability. He is h*llbent on imposing “progressive” diktats via the executive branch.

onlineanalyst on May 28, 2014 at 9:38 PM

It’s Freeeeeeeeeeeeeeeeeeeee…like Obamacare!!!!

trs on May 28, 2014 at 9:45 PM

Erika, you’re the best at writing about environmental issues from the conservative perspective. Good luck at school and in your future endeavors.

Bitter Clinger on May 28, 2014 at 9:48 PM

But hey, Chamber of Commerce, I’m sure the 40 million new “citizens” you all are forcing on America via amnesty will MORE than make up for that, right?

Meople on May 28, 2014 at 10:16 PM

OT: Stephen A. Smith is P.O.’d at the race baiters

kcewa on May 28, 2014 at 9:03 PM

Has he had to apologize lately for being born black? No? Well he’s still got a ways to go before he truly knows what it’s like to live in Obamaville as a white man.

Meople on May 28, 2014 at 10:22 PM

IF EPA regs are allowed to take effect, we will soon be faced with national rolling blackouts. Kill coal, we can’t handle peak loads, PERIOD.

On the bright side, the public reaction will allow open season on environmentalists, and we can use their corpses for organic fertilizer (which will be the most productive thing any of them have ever done).

Adjoran on May 28, 2014 at 11:52 PM

Chamber: EPA’s new power-plant regs could cost us $50 billion by 2030

Yeah, but you’ll save $55 billion after the next wave of amnesty for illegal Hispanic labor you are demanding, so GFY.

Jaibones on May 29, 2014 at 12:18 AM

By 2030? That’s optimistic.

Dr. ZhivBlago on May 29, 2014 at 2:18 AM

Here is what many people don’t talk about. Several years ago the assistant director of the Energy Department makes a statement. He says that the price of gas WILL remain at around 3.50 for the foreseeable future.

I thought at the time there is no way he can make that statement. Oil prices is the one market the volatility is the norm. It cannot stay steady UNLESS there is a stable demand and a stable supply, something that cannot be predicted. We’ve seen huge fluctuations since the seventies, sometimes within months. Suddenly it is fixed? We have a world wide economy crumble, driving the demand curve down YET the price is steady? And the geek in the WH cabinet predicted it? Naah. (Let’s consider that the WH is driving behavior by fixing the prices. You will buy a Forester or a hybrid before a F250 if the price of gas is on your mind. One of the many social bending experiments they do.)

I spoke with my MENSA bright buddy who warned me back in 2008 that Obama’s biggest threat was energy. “He is a high energy President. He will cripple business and the economy. THAT is the biggest problem. The Republicans can control him on the rest.” I disagreed on that last point. I knew Obama had a built in level of protection, as we have witnessed.

Point is, his predictions were correct. Energy is life. Low cost energy DRIVES economies to boom. High energy starves them. Add high regulations and Obamacare and you can pretty much identify why our economy is struggling.

And Obama, and his people, know this. And they DO NOT CARE!

I told my buddy back in 2008 “A bad man in a powerful position can do great harm. Not just for what he can do, but for what others will do in his name.”

Seriously folks, study Mao.

archer52 on May 29, 2014 at 6:26 AM

Obama has been wrong before…
wrong before…
wrong before…

Broken record.

Obama’s administration has also pissed away more money than any previous admin. Another broken record. More criminal aliens released on our streets – broken record. More snubs to allies than any previous admin – broken record.

Just about anything he does, or proposes will break another record too.

NavyspyII on May 29, 2014 at 8:00 AM

The usual WH lies.

sadatoni on May 29, 2014 at 8:08 AM

Reduced pollution by 70 percent in 40 years and the climate is still warming (or changing)? so what will another 10 percent (or whatever) accomplish?

these people shot themselves in the foot almost every time.

JoeBrowns on May 29, 2014 at 10:49 AM

Stupid Americans.
You have elected this smooth talking mental midget who wouldn’t know a kilowatt-hour from a … oh hell you name anything obvious..

A base power generating facility costing 50 billion by 2030?

Ladies and gentlemen if you had the financing of a group of middle east oil oligarchs (interest free) you could not build a 2 gigawatt power plant by 2030 if you started YESTERDAY!
Anywhere in the CONUS under any circumstances. GET IT?

For gawsake, King Putt and his followers believe the Hoover Dam came out of a Sears Catalog!

Stupid, absolutely stupid Amercan’s

Missilengr on May 29, 2014 at 9:17 PM