WASHINGTON, D.C. – August 4, 2015 – (RealEstateRama) — Congressman Adrian Smith (R-NE) issued the following statement today after the Obama administration announced plans to finalize its Clean Power Plan to regulate emissions from U.S. power plants.
“The Obama administration’s latest regulations will likely force hundreds of coal-fired power plants to shut their doors, killing jobs and increasing the cost of energy across the state of Nebraska,” Smith said. “In fact, according to a 2014 study by the U.S. Chamber of Commerce, this plan could result in the loss of almost a quarter of a million jobs and cost nearly $480 billion to achieve compliance.
“This regressive penalty on the middle class should not come as a surprise. As President Obama stated in 2008, ‘Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.’ Instead of continuing to increase the EPA’s regulatory authority through burdensome top-down regulations, we should be pursuing an all-of-the-above energy policy to ensure all Americans have access to efficient and affordable sources of electricity.”