Washington Examiner: New EPA regs would kill jobs, stall economy
D.C.’s premiere newspaper, The Washington Examiner, offers its input on Big Green’s “Best Available Control Technology” plan to downsize America’s economy.
It sounds innocuous enough. The U.S. Environmental Protection Agency issued new guidelines Thursday requiring state and local authorities that issue pollution permits based on federal standards to use the “Best Available Control Technology,” or BACT. The stated goal is to achieve a 20 percent reduction in greenhouse gases by 2020……Achieving that level of reduction in greenhouse gases won’t be easy or cheap. This immense new burden on the private sector comes at precisely the wrong time for an economy still struggling to create new jobs and reduce near double-digit unemployment. One of the skeptics is University of Mississippi professor William Shughart II, whose op-ed elsewhere in Friday’s Examiner notes that many jurisdictions across the country can’t meet the present greenhouse gas standard, much less reach the lower threshold anytime soon. “If a county or city is not in compliance, its economy won’t be able to grow, so the EPA’s proposal would spell economic stagnation for many communities,” Shughart contends……Without the proper pollution permits, existing facilities and new construction projects across the country either will grind to a halt or never get started. The cost estimates are indeed staggering, according to an econometric study by the Manufacturers Alliance that projects more than 7.3 million lost jobs by 2020. The hardest-hit states include Texas, which would lose 1.7 million jobs, and Louisiana, with 938,000 positions lost. Others include California (846,000), Illinois (396,000) and Pennsylvania (351,000). Total losses would reduce the nation’s gross domestic product by $1.7 trillion, according to the Manufacturers Alliance…
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