gy: The Obama administration is pushing the first rules ever to cut carbon dioxide emissions in new U.S. power plants. It’s a move that’s sure to make energy a lot more expensive for everyone.
Everyone, of course, likes cleaner air. But the new rules are so draconian that they will lead to an end of the construction of any power plant that uses coal.
The rules will force new power plants to put expensive new equipment to capture and bury emissions underground. If it sounds easy, it isn’t. In fact, the equipment doesn’t even exist yet.
Despite this, EPA Administrator Lisa Jackson is going ahead with the energy-unfriendly plan.
“Every model that we’ve seen shows that technology as it develops will become commercially available certainly within the next 10 years,” Jackson said Tuesday.
Of course, many U.S. power plants that are being built today will be fired by natural gas which, as it turns out, we have in extraordinary abundance here in the U.S. Today coal accounts for about 45% of all U.S. power output, but that is down from 50% just a few years ago, a result of soaring regulation.
We wonder, what happened to the Obama administration’s “all of the above” strategy? Why aren’t we using all of our resources — including coal?