According to a report released by the U.S. Chamber of Commerce, “Fossil fuel-fired power stations comprise almost 75 percent of the generating capacity and nearly 66 percent of the electricity generated in the United States.” By radically increasing the regulatory burden faced by this power source, “These rules threaten to suppress average annual U.S. Gross Domestic Product (GDP) by $51 billion and lead to an average of 224,000 fewer U.S. jobs every year through 2030, relative to baseline economic forecasts.”
Many experts say the proposed regulations are all pain and no gain, since they will have minimal impact on worldwide CO2 emissions and no impact on the world’s climate. According to Joseph Bast, president of The Heartland Institute, the regulations “are based on junk science and a cavalier disregard for the impact of higher energy prices on the typical family.”
The voting, taxpaying public can voice its concerns over these harmful and unnecessary regulations by submitting comments on EPA’s website during the 120-day comment period, which starts once the proposal is published in the Federal Register.