Friday, May 30, 2014

Report: EPA Climate Rule Will Cripple Coal Industry, Cost 224,000 Jobs

 

 "The Environmental Protection Agency’s upcoming climate rule will result in a massive decline in coal-fired power generation that will increase electricity bills and eliminate hundreds of thousands of jobs, according to a report from the U.S. Chamber of Commerce.


 The [ U.S.] Chamber [of Commerce] found that the new EPA climate rule could cost the economy more than $50 billion per year and will dramatically reduce coal-fired power consumption. The report says that an additional 114 gigawatts of coal power could be shut down by 2030 — about 40 percent of existing coal capacity."

[Daily Caller]

 

Sometimes these numbers, in this case $50 BILLION, mean little to folks.  We don't always translate these into numbers we understand.  In this case, $50 BILLION  which is $50,000 million, every year means an additional cost to every citizen of about $151 per year or roughly $600 for the average family.  

View that as a $600 TAX INCREASE on you! EVERY YEAR! All in the name of some specious "Save the environment" cause.......

[clipper] 

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