Senate Republicans have written the White House, urging President Obama to repeal his recently announced power plant rule that cajoles states into imposing cap-and-trade schemes on carbon dioxide emissions.
Republicans say that Obama’s rule is “all pain, no gain” and would result in higher energy prices and huge job losses as coal-fired power plants and coal mines are shut down to comply with federal emissions reduction mandates.
“Mostly, I’m concerned about the American families and businesses who are going to have to deal with the severe financial effects of the President’s rule. It’s all pain, no gain,” Louisiana Sen. David Vitter said in a statement. “Clearly, this Administration prioritizes pushing a far-left environmental agenda over providing affordable, reliable electricity across the country.”
The Environmental Protection Agency’s new regulation requires existing power plants reduce carbon dioxide emissions 30 percent by 2030. Different states would have to meet different emissions reductions targets, which means that coal-reliant states could be hit hardest.
“This is cap-and-trade all over again, without consent by the American people, in an attempt to payoff President Obama’s friends and political allies,” Vitter said.
Bloomberg reports that Texas alone will make up one-quarter of total U.S. emissions reductions, having to cut emissions 39 percent over the next 15 years, according to the EPA’s proposed rule. All this, while other coal-reliant states, Kentucky and West Virginia, will only have to reduce emissions by half as much.
Kentucky and West Virginia have been some of the most vocal opponents of EPA carbon dioxide limits for new and existing power plants, which the agency predicts will result in 19 percent of the U.S. coal power plant capacity shutting down and coal production falling by 28 percent.
“This Obama administration national energy tax would ship middle class jobs overseas, shatter our manufacturing base, and drive up energy costs for families, and especially families in Kentucky,” Senate Minority Leader Mitch McConnell, a Kentucky Republican, said in a statement.