U.S. Chamber of Commerce opposes proposed EPA rules
While the White House is claiming that the Obama administration's upcoming EPA rules for existing coal-fired power plants would lead to coal's demise and address climate change; the U. S. Chamber of Commerce has argued that the rules would cause thousands of job cuts and hefty costs.
The looming rules will require all natural gas as well as coal-fired power plants make sure that they release no more than 1,000 pounds of carbon emissions per megawatt-hour of electricity.
While natural gas-fired plants can easily achieve the new standards, it will not be easy for coal-fired power plants meet the new guidelines. It will force such plants to close, which in turn will lead to a massive number of job losses.
Karen Harbert of the U. S. Chamber of Commerce said that the new standard would lead to as many as 224,000 job losses every year through 2030 and cause annual costs of up to $50 billion.
Opposing the proposed rules, Harbert said, "The American household will lose $586 billion of disposable income. That means a household losing over $3,400 of income they'd otherwise be spending on something else."
But, the White House spokesperson Matt Lehrich dismissed the Chamber of Commerce's study, arguing that polluters had long been making doomsday predictions, and every time they proved wrong.
Currently, coal-fired power plants account for nearly 40 per cent of the total electricity generation in the U. S.
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