CNSNews.com
8/12/2011
The Environmental Protection Agency (EPA) has been promoting the job creation and health aspects of its impending regulations on the electric industry, but in congressional testimony an agency official admitted one impending regulation would cost business $10.9 billion and create only 9,000 full time jobs.
President Barack Obama is ignoring heated concerns from within his own administration that new Environmental Protection Agency coal industry regulations will be economically devastating.
The EPA is plowing forward with new Maximum Achievable Control Technology (MACT) mandates. The regulations would force coal energy plants to install giant scrubber-like materials inside smokestacks to capture and cleanse carbon particles before their atmospheric release.
The upgrade cost would fall on company employees and coal miners in the form of layoffs, as well as on businesses, which could expect to pay more for energy…
