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Tuesday, October 23, 2012

EPA 'punting' regs until after election that 'spell doom' for jobs, economy

Republican Sen. James Inhofe says the Environmental Protection Agency has delayed action or “punted” on numerous regulations while President Obama tries to “earn votes” for a second term.

The Oklahoma senator and ranking Republican on the chamber’s Committee on Environment and Public Works has released a report stating that when the agency approves the roughly one dozen regulations next year in 2013, they will “spell doom” for jobs and economic growth.

“The Obama-EPA plans to move full speed ahead to implement this agenda if President Obama wins a second term,” Inhofe writes. “These rules taken together will inevitably result in the elimination of millions of American jobs, drive up the price of gas at the pump even more, impose construction bans on local communities and essentially shut down American oil, natural gas and coal production.”

The 14-page report cites pending regulations on a wide range of environmental-economic issues including those on power plant emissions and hydraulic fracturing.

The report concluded that pending overall regulations on greenhouse gases if enacted would cost $300 billion to $400 billion annual and significantly increase the price of gasoline and home heating.

“The requirements are so strict they virtually eliminate coal as a fuel option for future electric power generation,” the report states. “In a thinly veiled political move, the agency has put off finalizing the proposal until after the election.”

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