“Time and again, when the President has had the chance to lead the way on American energy production -- whether that be the approval of the Keystone XL pipeline or opening up more federal lands for energy development – he’s chosen his environmentalist allies over the American people,” Hatch said. “Low energy costs are important to ensure that good manufacturing jobs stay in America, and make no mistake, today’s announcement means higher energy costs for Utahns and Americans across the country. The President may feel this ‘War on Coal’ plays well with his political base, but in reality it’s the American people who will suffer the effects of these back-door energy taxes through higher energy costs.”
Almost half of the electricity produced in the U.S. currently comes from coal-fired power plants. The rule announced today will require new coal-fired power plants to use carbon capture and sequestration technology to limit carbon emissions – technology which is very limited and will not work in many parts of the country. If power plants fail to meet the strict emission caps set by the Obama Administration they will be required to pay a fine, which will undoubtedly be passed along to consumers.