WASHINGTON, D.C. — U.S. Sen. Jim Inhofe (R-Okla.), senior member of the Environment and Public Works (EPW) Committee, today made the following statement after the Environmental Protection Agency (EPA) announced the proposal of greenhouse gas regulations for the nation’s existing fleet of electricity generators:
“Today’s proposed rule by the EPA to cut greenhouse gas emissions from existing power plants will cost Americans a fortune, to the tune of $51 billion in lost economic activity and 224,000 lost jobs per year. While the President and EPA will tout the plan’s flexibilities, it will result in cap-and-trade through regulation, one of the largest tax hikes that the American people have rejected for over a decade. The rule sets ambitious targets for CO2 reductions that will require the U.S. to rapidly decrease use of our cheap domestic energy resources, shut down perfectly good power plants, and rely more on prohibitively expensive renewable energy. Our nation must strike a more reasonable balance of our energy resources or face a future like Germany where their reliance on renewables has resulted in energy prices 300 percent higher than in the United States.
“By EPA’s own admission, greenhouse gases ‘do not cause direct adverse health effects such as respiratory or toxic effects,’ rendering their claims that this rule is about pollution reduction nil and void. This rule is all about pushing a green agenda that has been dreamed up by the environmentalist community for decades. The President is their man, and the American people are their victims.”