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In the hours after President Obama unveiled his Clean Power Plan, a plan that aims to restrict carbon emissions by nearly 1/3 of 2005 levels by 2030, Heartland Policy Advisor Steve Goreham appeared on WTTW’s Chicago Tonight to explain the negative effects that would result from these new regulations.
Goreham was joined by Joe Condo, senior vice president and general counsel at Invenergy, and David Kolata, the executive director of the Citizen’s Utility Board. Both Condo and Kolata praise the plan and deem it necessary to limit emissions. Kolata says that if we take advantage of cost-saving technologies like the smart grid, we could actually see a reduction in energy rates. Goreham disagrees.
Goreham says the plan is a not good method in fighting global warming. He says the plan will have little to no effect on global temperatures. These large restrictions will have no real benefit, but the consequences will surely materialize. Goreham says the plan will very likely increase electricity costs and reduce the reliability of the grid.
Watch the interview in full above.