by Tom Borelli
Despite claims to the contrary, the Environmental Protection Agency’s (EPA) new power plant rules proves President Obama has a war on coal.
The new rules to limit greenhouse gases for new power plants will doom the coal industry because new coal-fired power plants will be required to use an expensive, unproven technology called carbon capture and sequestration (CCS) that captures and buries carbon dioxide emissions underground.
The rule for coal-fired power plants is controversial because the EPA claims the regulation meets its legal requirement that its mandated technology is “adequately demonstrated” – that is, commercially feasible.
Contrary to EPA’s false claim, there is not a single active power plant in the U.S. that is using the new process. Ironically, the only plant trying to use the CCS is under construction in Kemper County, Mississippi, at a cost of $5 billion, about twice its estimated budget. The cost of the new power plant is causing customer’s utility rates to rise.
Any fair-minded person would recognize EPA’s standard is not economically feasible but fairness was never the objective.
Obama’s real climate change goal is to bankrupt the coal industry.
Recall in 2008, then Senator Obama said, “If someone wants to build a new coal-fired power plant they can, but it will bankrupt them because they will be charged a huge sum for all the greenhouse gas that’s being emitted.”
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