Dec 21, 2015

Statement on Presidential Veto of Congressional Resolutions of Disapproval

Post by Derek Yale

Arlington, VA – President Obama this weekend vetoed resolutions providing for congressional disapproval of harmful EPA regulations that will drastically increase the price of energy for millions of hardworking Americans.

Freedom Partners Senior Policy Advisor Andy Koenig issued the following statement:

“Lawmakers in Congress should be commended for taking action to protect their constituents from President Obama’s destructive energy regulations. These rules will amount to a massive tax increase, especially for those who can least afford higher energy prices. Even though it’s been rejected by Congress and half the states have filed suit to stop it, this veto proves the president cares more about appeasing special interests than protecting hardworking Americans.”

BACKGROUND

EPA Energy Regulations Would Have A Devastating Impact On Energy Costs

The Cost Of Complying With The Clean Power Plan Could Be About $366 Billion Over A 15-Year Period. “The net result is that energy system costs would be greater by about $366 billion in present value terms over the period from 2017 through 2031 under the State Unconstrained (BB1-4) scenario.” (David Harrison, Jr. And Anne E. Smith, “Potential Energy Impacts Of The EPA Proposed Clean Power Plan, NERA Economic Consulting, October 2014)

“NERA Concluded That The EPA’s Rule Would Cost Consumers And Businesses $41 Billion Or More A Year, Nearly Five Times The Costs Of All Clean Air Act Rules For Power Plants Prior To 2010.” (Timothy Cama, “Industry-Backed Report Says EPA Climate Rule To Cost $366B,” The Hill, 10/16/14)

“Compliance Spending Will Total $29 Billion To $39 Billion Per Year.”  (American Coalition For Clean Coal Electricity, “FAQs About NERA’s Analysis Of The Clean Power Plan,” November 2015)

“Compliance Spending Over The Period 2022 To 2033 Will Total $220 Billion To $292 Billion.” (American Coalition For Clean Coal Electricity, “FAQs About NERA’s Analysis Of The Clean Power Plan,” November 2015)

“NERA Said The Proposed Rule Would Close 45,000 Megawatts Of Coal-Fired Power Generation Capacity, Which Is More Than New England’s Entire Capacity.” (Timothy Cama, “Industry-Backed Report Says EPA Climate Rule To Cost $366B,” (The Hill, 10/16/14)

“All Of The Lower 48 States Will Have Higher Electricity Prices Because Of The Clean Power Plan.” (American Coalition For Clean Coal Electricity, “FAQs About NERA’s Analysis Of The Clean Power Plan,” November 2015)

“28 States Are Projected To See Peak-Year Electricity Price Increases Of More Than 20%.” (American Coalition For Clean Coal Electricity, “FAQs About NERA’s Analysis Of The Clean Power Plan,” November 2015)

43 States Will See Double-Digit Percentage Increases In Electricity Bills. “The analysis, written by Nera Economic Consulting, said that people in 43 states would see double-digit percentage increases in their electricity bills, with at least 20 percent increases in 14 states.” (Timothy Cama, “Industry-Backed Report Says EPA Climate Rule To Cost $366B,” The Hill, 10/16/14)

The EPA Rule Would Produce Nearly No Discernible Environmental Benefit In Exchange For Billions In Costs Felt By Middle Class Consumers

EPA Administrator Gina McCarthy Professed That “The great thing about this [111(d)] proposal is that it really is an investment opportunity. This is not about pollution control.” (Energy & Commerce Committee)

“The Carbon Dioxide Reductions Would Only Limit Global Warming By 0.02 Degrees And Sea Level Rises By 0.01 Inch, Researchers Said.” (Timothy Cama, “Industry-Backed Report Says EPA Climate Rule To Cost $366B,” The Hill, 10/16/14)

Hillary Clinton Is Calling For $30 Billion From Taxpayers To Aid Communities Hurt By These Energy Policies

“Democratic Presidential Front-Runner Hillary Clinton On Thursday Released A $30 Billion Plan Aimed At Revitalizing Communities Dependent On Coal Production.” (Laura Meckler & Amy Harder, “Hillary Clinton Unveils Plan to Aid Coal Communities Hit By Shift to Cleaner Energy,” The Wall Street Journal, 11/12/15)

“Mrs. Clinton’s Plan Includes Federal Money . . . For New Investment In Communities Hit By A Decline In Coal Production, Such As Many Towns In Appalachia.” (Laura Meckler & Amy Harder, “Hillary Clinton Unveils Plan to Aid Coal Communities Hit By Shift to Cleaner Energy,” The Wall Street Journal, 11/12/15)

“The Plan Released Thursday Is Her First Attempt To Lay Out How She Would Aid Places That Are Economic Losers In The Green Economy She Envisions.” (Laura Meckler & Amy Harder, “Hillary Clinton Unveils Plan to Aid Coal Communities Hit By Shift to Cleaner Energy,” The Wall Street Journal, 11/12/15)