By PAUL BEDARD
As President Obama jetted to Alaska Monday to talk up his climate change plans, burning through nearly 17,000 gallons of fuel, a new report showed that his “Clean Power Plan” will increase consumer electric bills 16 percent and speed plans by job-creating manufacturers to flee America’s high fuel costs.
The free-market focused Institute for Energy Research said that Obama’s plan to replace coal-fired plants with renewable energy makers like windmills and solar will force companies to spend up to four times more on energy and hit consumers.
Emissions from coal plants, like this one in Kansas, are under the microscope. AP Photo
“The so-called Clean Power Plan is expected to decrease carbon dioxide emissions in the generating sector by 32 percent from 2005 levels by 2032. To do this, massive amounts of coal-fired generating capacity will be shuttered and wind and solar power will be built in their stead—technologies that cost 2 to 4 times more than the coal capacity that is being shuttered,” said the group in a report issued Monday.
They also cited the impact on consumers: “According to the Energy Information Administration (EIA), residential electricity prices are expected to be 16 percent higher in real prices than today due to the proposed regulation and others imposed on the generating sector by EIA.”
Obama and his supporters have been touting the positive impacts of the plan, but the report attempts to put a price on the initiative.
He was expected to discuss climate change in Alaska and the results of doing nothing. Air Force One burns about five gallons per mile, for a total of 16,875 gallons used to promote climate change initiatives in Alaska.
Several states have sued to stop his plan.
The report, which quotes multiple government and other official sources, said that the development of energy in the United States, leading to cheaper prices, has lured many American companies back to the homeland to set up shop. Even some Chinese firms are relocating to the U.S. because of cheaper energy.
But it warns that the attractiveness of the United States will end with the new Obama regulations.
“Low energy prices and American ingenuity have brought manufacturing back to this country. However, all this is likely to change as President Obama’s regulations go into effect, making electricity and natural gas prices escalate, forcing companies to accept higher domestic operating costs or move offshore,” warned the report.
The report concluded: “President Obama is making energy prices escalate due to stringent environmental regulations being promulgated by the EPA. Due to the timing of these regulations, most of the price increases will not been seen by the public until his second term is up. Nonetheless, the headway the United States made to bring manufacturing back to America is being threatened. The result will be a loss of jobs that we cannot afford.”
See the article here.
- On September 1, 2015