MADISON – Wisconsin workers will be hit extremely hard by a new federal Environmental Protection Agency (EPA) global warming regulation on coal-fired power plants because the state is heavily-invested in coal plants and our manufacturing sector uses large amounts of energy, said WMC, Wisconsin’s Chamber of Commerce.
WMC Vice President of Government Relations Scott Manley said:
“By any measure, the new EPA coal rule will cost Wisconsin billions of dollars in lost economic activity and, worst of all, many factory workers will pay with their jobs. The rule will significantly increase electricity prices for families and businesses, making it harder for Wisconsin manufacturers to compete and for families to make ends meet. Today, President Obama is making good on a campaign promise to cause electricity prices to ‘necessarily skyrocket,’ and it’s just the latest example of a federal policy that stifles investment by creating economic uncertainty for job creators. Worse yet, the EPA’s own data confirm that their costly rule will have a negligible impact on global temperatures. This regulation is a lose-lose for our economy – it’s all pain and no gain.”