As Promised, Obama Is Destroying Coal Industry "Remember when Obama shockingly promised before the election that he would bankrupt the coal industry that provides us with about half our electric power?"
Two new EPA pollution regulations will slam the coal industry so hard that hundreds of thousands of jobs will be lost, and electric rates will skyrocket 11 percent to over 23 percent, according to a new study based on government data.
Overall, the rules aimed at making the air cleaner could cost the coal-fired power plant industry $180 billion, warns a trade group.
"Many of these severe impacts would hit families living in states already facing serious economic challenges," said Steve Miller, president of the American Coalition for Clean Coal Electricity. "Because of these impacts, EPA should make major changes to the proposed regulations before they are finalized," he said.
From Moonbattery.com
Obama's New EPA Rules Would Destroy Our Energy Sector "Obama has not been able to implement his full load of destructive polices via Congress. That is why the largest portion of his attacks on America have been made through his powers to regulate. These EPA rules are just two more examples of the hundreds Obama has perpetrated on this country. And they are nothing compared to what he really wants to do."
Warner Todd Huston
Coal industry braces for declining demand if EPA pollution rules pass "American Electric Power's plan to shutter a string of aging coal-fired electric plants if regulators adopt strict new pollution rules is likely the first in a series of similar decisions, which has the coal industry bracing for waning demand."
"The AEP warning came in response to new rules proposed for coal-fired power plants by the U.S. Environmental Protection Agency. It follows April's announcement by the Tennessee Valley Authority that it would shut down about 16 percent of its coal-fired generating capacity to settle air quality lawsuits with several states."