The final rule for the Clean Power Plan (CPP) was released by the Obama Administration this past August and is a direct attack on the coal industry…the final plan, will shutter 66 power plants and eliminate 125,800 jobs in the coal industry. All of these figures are based on EPA data. The same study shows that using the 2012 baseline for coal generation and projections for 2030 output, the industry could shrink by 48 percent.
If 125,800 of these jobs are cut, wages lost will be over $9.8 billion dollars per year. The one-time $30 billion relief fund is a drop in the bucket and unless another industry picks up the slack that means over $90 billion in lost wages over the next 10 years.
The coal industry contributes nearly $65.7 billion to national GDP. As [sic] evidenced by the Bipartisan Budget Act of 2015, the U.S. is not in a place to lose that type of contribution. Over 10 years, the U.S. will see a loss of over $650 billion dollars.
What isn't counted is the cost to the consumers to replace/upgrade power plants. What's not mentioned is the additional cost to the consumer for electricity. Not mentioned is what will be done to help the devastated communities.
Is the benefit worth the cost to people, the consumer, the economy?
p.s. I love the government. Prior to releasing the final rule a comment period takes place. Nothing was changed from the comments provided as I read the original rule and compared it to the final rule.
Why bother saying we care and need your input when clearly they could care less what anyone thinks other than themselves.