EPA Rules Will Devastate, Say Biz Groups - The EPAs carbon dioxide limits for new power plants will devastate the economy by leading to a steep surge in energy prices, the coal industry and its allies warned. In comments to the EPA, the American Coal Council said the new standards would essentially take coal off the market as a power source for new plants. “Implementation of the rule will reduce American energy diversity and security, stop the development of cleaner coal technologies, and increase the risk of higher electricity prices to consumers and businesses,” the group said. Separately, the Chamber of Commerce said the rules would have an effect well beyond the coal industry by leading to job losses in the broader economy.
Posted on: Tue, 13 May 2014 16:13:47 +0000
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