From Forbes, seven months ago, we heard about climate-related changes in the wind for the USA. The measures being proposed at potentially insane costs by the Obama administration include reducing the sulphur content of petrol ($2.4 billion pa), impossible boiler operating standards (reduce GDP by $1.2 billion) and highly restrictive cement production standards (shortfall imported from China, 80,000 out of work, construction costs hiked by up to 36%).
A new report released by the U.S. Senate Committee on Environment and Public Works Minority Committee enumerates a slew of planned EPA regulations that have been delayed or punted on until after the election that will destroy millions of American jobs and cause energy prices to skyrocket even more.
Titled “A Look Ahead to EPA Regulations for 2013: Numerous Obama EPA Rules Placed on Hold Until After the Election Spell Doom For Jobs and Economic Growth”, it lists and describes new rules concocted over the past year ranging from additional restrictions on greenhouse gas emissions, tougher water guidelines and tightening of the ozone standard. Taken together, they will further drive up pump prices, impose construction bans on local communities, and cripple oil, natural gas and coal production.
It makes uncomfortable reading, but is perhaps “only the beginning”.
This could be feel-good stuff to help make the Greens comfortable voting for Obama. Perhaps it’ll all be watered down, delayed, or otherwise emasculated. Or it could be serious and spell the end for much of America’s industry and employment.
Let’s hope reason prevails.