“EPA’s Gina McCarthy once predicted that the MATS rule would generate 8,000 to 46,000 jobs. Rather than undertake expensive retrofits, more than two dozen plants simply closed.”
The American Action Forum reports:
There has been an intense focus on the role of regulation in job creation. Al Gore, Paul Krugman, and EPA’s Gina McCarthy have all argued that environmental regulations create jobs. According to four companies, however, EPA regulations, most notably its Utility MACT rule, will fully close at least 24 power plants, eliminate 12.6 gigawatts of capacity, and destroy more than 1,850 jobs across the U.S…