Mar 28, 2017

New Administration Acts to Halt Destructive Energy Regulations

Post by Freedom Partners

Arlington, VA – President Trump today acted by Executive Order on two of the most harmful Obama regulations that are not subject to the Congressional Review Act – the job-crushing EPA power plant rule making electricity more expensive and the moratorium restricting natural resource development on public lands. The Energy Independence Executive Order begins the process of unwinding the EPA’s reckless and burdensome energy rules.

Freedom Partners Vice President of Policy Nathan Nascimento issued the following statement:

“President Trump is taking an axe to some of the most egregious and harmful Obama administration regulations, and he shouldn’t stop swinging until they are gone for good. Today’s actions are commendable and we encourage the president to work with Congress to pass legislation overturning these counterproductive, job-crushing regulations once and for all.”

The regulations addressed today by President Trump are among the dozens identified in Freedom Partners’ Roadmap to Repeal. Released at the outset of the new administration and after years of grassroots action by Americans for Prosperity (AFP), this how-to guide details the necessary steps the president and Congress can take to dismantle harmful regulatory barriers and promote growth and opportunity for all Americans.

Under President Obama, over 600 major regulations were added to the Federal Register at costs exceeding $700 billion. With so many barriers to opportunity now towering over hardworking Americans, President Trump and the Republican Congress should work to remove these job-crushing regulations as soon as possible.

Obama Energy Regulations Were Estimated To Have A Substantial National Impact On Energy Costs

NERA Economic Consulting 2014: The Cost Of Complying With The Clean Power Plan Could Be About $366 Billion Over A 15-Year Period Between 2017-2031. “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, 10/16/14)

“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.” (“FAQs About NERA’s Analysis Of The Clean Power Plan,” American Coalition For Clean Coal Electricity, 11/3/15)

“Compliance Spending Over The Period 2022 To 2033 Will Total $220 Billion To $292 Billion.” (“FAQs About NERA’s Analysis Of The Clean Power Plan,” American Coalition For Clean Coal Electricity, 11/3/15)

“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.” (“FAQs About NERA’s Analysis Of The Clean Power Plan,” American Coalition For Clean Coal Electricity, 11/3/15)

“28 States Are Projected To See Peak-Year Electricity Price Increases Of More Than 20%.” (“FAQs About NERA’s Analysis Of The Clean Power Plan,” American Coalition For Clean Coal Electricity, 11/3/15)

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)

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