The new regulation for power plants is rumored to include a technology standard that would force coal-fired utilities to use carbon capture and sequestration (CCS).
This technology employs a technique for power plants to capture carbon dioxide and bury the gas underground. Since CCS is extremely expensive and the technology has yet to be commercialized, such a rule would essentially end new construction of coal power plants.
It’s also possible the new rule would also apply to power plants that are modified or upgraded.
Congressmen serving on the Energy and Commerce Committee recently wrote to the White House Office of Management and Budget (OMB) urging the acting director to block EPA’s pending greenhouse gas rule.
The letter emphasized the impact of the regulation on manufacturing, saying, “Further increasing electricity costs by requiring commercially unproven technologies, or forcing a transition away from coal, will send thousands more U.S. jobs overseas at a time when the nation can least afford it.”
Existing and pending EPA rules are forcing utilities to follow Obama’s central planning energy plan without regard to the negative economic consequences for the country. Facing the mounting regulatory costs for coal use, utilities will be forced to use natural gas as an energy source.
The added costs will pose significant hardships for hardworking Americans and a barrier to companies contemplating building manufacturing facilities in the U.S.
A new report from the American Coalition for Clean Coal Electricity found that the energy costs for most American households have just about doubled since 2001 taking 20 percent of their after tax income. Lower income Americans are hit harder and EPA’s new rules will add to this burden.
President Obama’s war against coal will undermine his manufacturing jobs agenda and harm those who can least afford to pay for his ill-conceived energy policy.