The Obama Administration killed the Keystone Pipeline project today.
Up next is the coal industry.
New EPA regulations will force 32 coal plants to close their doors putting hundreds of Americans out of work.
The latest move by the EPA will force new regulations on 26 states. The new rules will kill thousands of jobs, cost billions of dollars and increase electricity rates for every family.
New EPA rules will force Western coal-fired power plants to install haze-reducing pollution-control equipment at a cost of $1.6 billion a year. Pictured is the Dave Johnston Power Plant in Glenrock, Wyoming. (IBD)
The AP reported:
An Associated Press analysis has found that more than 32 mostly coal-fired power plants in a dozen states will be forced to close because of the new, more stringent regulations. Another 36 plants are at risk of closing.
No lights will go dark. But the Environmental Protection Agency has estimated that 14.7 gigawatts — enough power for more than 11 million households — will be retired from the power grid in the 2014-15 period when the rules take effect. One rule curbs air pollution in states downwind from dirty power plants. Another sets first standards for mercury and other toxic pollutants from smokestacks.
The effect is greatest in the Midwest and in coal belt states such as Virginia and West Virginia, where dozens of units are likely to shut down.
Take Giles County, where American Electric Power’s Glen Lyn plant is located, and where 44 jobs are on the line.
County Administrator Chris McKlarney worries about the $600,000 tax-revenue hit his $40 million budget will take. But that’s just one concern involving a plant and workers whose community contribution is “hard to quantify.”
“They’ve done so much donation-wise for local causes … And they’re really good people working there,” he said. “They’re coaches in Little League sports, involved in the Parent-Teacher Organization — you lose those kind of people, it’s tough.”
And they’re good jobs — stable, well-paying positions with good benefits in places where such things can be hard to find.
The Obama Administration’s new energy regulations will shut down about 8% of all U.S. generating capacity or the equivalent of wiping out all power generation for Florida and Mississippi.
Marathon Pundit says the new regulations are cold-blooded.