Sen. Inhofe: Obama's EPA Waging War on Fossil Fuels - HUMAN EVENTS
According to Inhofe, the administration’s proposed CO2/greenhouse gas-emission regulations—due out in November—could chop $300 billion to $400 billion alone off the nation’s gross domestic product (GDP) each year.
Estimates from the Senate Energy and Public Works Committee's Republican staff estimates this regulation could cost in excess of the 2 million jobs that would have been lost as a result of Waxman-Markey Climate Change Bill.
Other estimates suggest that the EPA’s Utility MACT and Transport Rule could cost $184 billion and 1.4 million jobs.
Statistics Inhofe provided suggest the rule could shutter hundreds of coal-fired power plants around the country—equaling as much as 20% of the nation’s total energy output.
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