Carbon Emission

Wed, 2014-06-04 14:44Farron Cousins
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US Chamber Predicts Economic Apocalypse From New Carbon Rules Despite Opposite Reality

It has been less than a week since the EPA announced new rules for carbon emissions — rules that are being heralded as the most comprehensive effort to tackle climate change by any sitting U.S. president — but big business groups have been spreading misinformation about these new rules for weeks.

Leading the charge against the administration’s proposals is the U.S. Chamber of Commerce, the largest business interest group in the country, and arguably the most well-funded. 

Just days before the new rules that will limit the amount of carbon that existing power plants can release were made public, the Chamber released a report predicting that any form of carbon regulation would result in economic chaos for the United States.  And this all happened before the Chamber even know what the rules would actually say.

The Chamber’s report issued these dire warnings to Americans, summarized by Think Progress:

Their study determined that it would cost American industry $28.1 billion annually to comply with EPA’s new regulations, that as many as 224,000 jobs would be lost between now and 2030, that the economy would average $50.2 billion lower a year, that Americans would cumulatively pay $289 billion more for electricity over that period, and that they’d lose $586 billion in disposable income.

The U.S. Chamber is attempting to strike at the heart of American fears that it will cost them dearly.  Whether it is their job or their hard-earned money, the Chamber wants Americans to be afraid of losing everything they’ve worked so hard to achieve in life.

Back in the land of reality, the Chamber’s claims are easily debunked.  To start with, as we’ve previously discussed here on DeSmogBlog, safety regulations create jobs rather than destroy them.  Even energy industry CEOs have been willing to admit that this is true in recent years.  The EPA’s estimates show that the new standards will create tens of thousands of new jobs, and the administration’s commitment to invest more in renewable energy will add hundreds of thousands of jobs, thus resulting in a net gain of U.S. jobs.

Wed, 2011-03-09 11:05Farron Cousins
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Congress Seeks to End Billions in Subsidies for Oil Companies

As both oil industry profits and gas prices continue to rise, Congressman Bruce Braley (D – IA) believes that it is time to end the billions of dollars worth of subsidies that the United States hands out to oil companies on an annual basis. In his proposed Clean Energy Jobs bill, Braley would end the tax breaks and other subsidies that flow to the oil industry, and use that money instead to create clean energy jobs, invest in biofuel production, and pay down the national debt.

These oil industry subsidies are nothing to scoff at. In 2005, then-President George W. Bush authorized a total of $32.9 billion worth of new subsidies for the industry over five years, bringing the annual total of their subsidies to a staggering $39 billion. The new subsidies were put in place at a time when Americans were paying the highest price for gasoline at the pump in history, which coincided with the largest oil company profits to date.

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