Category: Costs and benefits

EPA admits ignoring jobs in cost-benefit analysis

From the House Energy and Commerce Committee:

FLASHBACK: Executive Order 13563 of January 18, 2011 – Improving Regulation and Regulatory Review

Section 1. General Principles of Regulation. (a) Our regulatory system must protect public health, welfare, safety, and our environment while promoting economic growth, innovation, competitiveness, and job creation.

FAST FORWARD: In a revealing exchange Thursday on Capitol Hill, an EPA expert confirms that the agency, contrary to the president’s executive order, does not directly examine regulations’ impacts on jobs. Watch the startling exchange between Rep. Cory Gardner (R-CO) and Mathy Stanislaus, EPA Assistant Administrator for Office of Solid Waste and Emergency Response.

Watch the EPA official squirm in this Congressional hearing:

Obama rules to raise power prices 25% in Southeast

President Obama’s vow to make energy prices skyrocket will soon come true for ratepayers in the Southeast.

In testimony before the House Energy and Commerce subcommittee hearing concerning the EPA’s new emissions rules for power plants, industrial boilers and cement kilns, Southern Company CEO Thomas Fanning said that his company would need to spend up to $4.1 billion over the next three years to comply with new EPA rules — costs that would translate into a 25 percent rise in electricity prices for its customers in the Southeast, according to Environment and Energy News.