“Obama’s dreams of green jobs have run into some snags lately. The bankruptcy of solar panel company
Solyndra, which received half a billion dollars in loan guarantees, is not good for the goal of greenifying our lives. Objectively speaking, there is one simple reason that companies like Solyndra just couldn’t make ends meet: the prices that they need to charge for their products are simply too high to create true market demand“.
For instance, the EPA’s Utility Maximum Achievable Control Technology rule (MACT) requires all coal-fired plants to reduce emissions of specific toxic air pollutants like mercury emissions. The problem with this is that it would “require coal-fired power plants to install equipment that in some cases is too expensive to afford and in other cases does not currently exist commercially.”
So essentially, borrowing a phrase from President Obama, “If someone wants to build a coal-fired power plant, they can, it’s just that it will bankrupt them.” This is not some reading between the lines to figure this out, as noted above, this is the actual words spoken by candidate Obama and the MACT rule is the perfect example of it in action. The requirements aren’t just onerous, they’re in some cases impossible to meet which of course results in massive fees levied against the company.
So what is the result of this?
Well this one rule could force enough coal-fired power plant shutdowns to equal about 30-70 gigawatts of electricity across the country. That means that businesses and families will need to move towards more expensive alternatives for energy to keep the lights on. This explains why the administration was so intent on investing in solar energy to the point of ignoring due diligence in favor of “hurrying up.” This standard will lead to double-digit increases in rates in keeping with another famous quote from President Obama where he acknowledged that under his plan “power bills would necessarily skyrocket.” For families that will mean tightening their belts in an economy which they can ill afford to do so. For businesses, it will also mean tightening belts which means cutting corners and yes, cutting jobs.
But MACT isn’t the only rule with alarming implications. The EPA’s Cross-State Air Pollution Rule (CSAPR) will also target coal-fired power plants. This time it’s to prevent polluted air from crossing state lines. As is the case with MACT, it doesn’t accomplish this in a sensible way that allows the companies managing the plants to stay in business and continue providing power while implementing the changes. Again, it’s overly stringent with unrealistic timelines that are designed to be virtually impossible to comply with.
Brian Shaw of the Washington Examiner notes:
In terms of job losses, CSAPR is ahead of the game causing job losses even prior to its actual implementation. Luminant, a Texas energy company, announced a wave of shutdowns and layoffs as the rule’s compliance deadline moves closer”. - President Obama and the EPA’s War on Jobs - by Ben Howe, redstate.com, 09/15/2011
The link to the entire story,President Obama and the EPA’s War on Jobs by Ben Howe, appears below: