American energy security another victim of EPA CO2 regs

Electrical meter - Source / Photographer: Casey Fleser, reprinted under a Creative Commons license

Electrical meter – Source / Photographer: Casey Fleser, reprinted under a Creative Commons Attribution 2.0 Generic License

Here’s one more article pointing out the high and unintended costs of the EPA’s pending GHG regulations.

The U.S. Chamber of Commerce blog describes (from a variety of reports) how prices across the nation could increase by 6%-7%, or even as much as 12%. They also note that overall consumer costs will increase, electricity rates will increase, and electric reliability will decrease, leaving residents and businesses in the dark and potentially stopping a budding American manufacturing renaissance.

They note that as many as 7 million Americans could soon face energy insecurity, as well as up to a 10% increase in energy costs. Higher food, medical, and education costs are likely to push more people into debt. As a result of the proposed regulations, as many as 840,000 Americans could be pushed below the poverty line.

The Chamber recommends that the EPA abandon its overly expensive and ineffective anti-coal regulations immediately.

30. September 2014 by Jason Hayes
Categories: Energy, Environment, EPA, Marketplace Information, Policy, Regulation, USA | Tags: , , , | Comments Off on American energy security another victim of EPA CO2 regs