U.S. employment losses average between 544,000 a year – 887,000 a year. Peak year employment losses are 700,000 to 2.2 million.
Compliance costs for electric utilities will total between $198 billion – $220 billion, and average $15.0 billion – $16.7 billion/year.
Families will lose between $200 a household to over $500.
These are conservative estimates. The EPA’s regulatory agenda is killing jobs and harming our economy. With billions in costs, hundreds of thousand or even millions of jobs lost, and additional household expenses, the path forward is clear: Stop these destructive regulations. By keeping electricity prices low for business and families, coal helps to fuel the job creation that we need to get our country back on track.
Washington, DC – A new analysis of EPA regulations that would impact the coal-based electricity industry projects that seven rules would reduce U.S. employment by 1.5 million jobs over the next four years. The analysis was conducted by National Economic Research Associates (NERA) on behalf of the American Coalition for Clean Coal Electricity and described in a 129-page report, “Economic Implications of Recent and Anticipated EPA Regulations Affecting the Electricity Sector.”
“If the EPA is allowed to continue its aggressive anti-coal agenda, the American economy will lose another 1.5 million jobs in the next four years,” said Mike Duncan, president and CEO of ACCCE. “The EPA does not consider the economic consequences of their actions, which in this case will not only erase American jobs; it will raise annual costs to families by hundreds of dollars, the equivalent of a monthly grocery bill.”
Key findings of the NERA analysis include:
The regulations will cause employment losses totaling 1.5 million jobs over just the next four years, with a quarter million of those job losses occurring in the Midwest. Employment losses will continue beyond that timeframe, averaging 544,000 to 887,000 jobs annually.
Electricity consumers will spend as much as $67 billion more for electricity.
The average family’s income will drop by $200 to $500 annually, which is equivalent to a family’s monthly grocery bill.
An unprecedented number of coal-fueled power plants will be forced to shut down. Between 54,000 to 69,000 megawatts of coal-fueled electricity generation will be shut down, mostly because of the EPA regulations. This is roughly equivalent to the combined electricity supplies of Ohio, Virginia and Iowa. This is also more than the total electricity supply of either Pennsylvania or Florida.
The electric sector faces enormous compliance costs. Electricity generators would be required to spend $15 billion to $16.7 billion annually on compliance costs over the next two decades.
A summary of NERA’s report is available on the ACCCE website at: http://www.americaspower.org/sites/default/files/NERA-Analysis-Highlights-Oct26.pdf
The economy is still recovering. Unemployment remains high, and families all across America continue to be impacted by legislation and overbearing EPA regulations. It’s never been more clear that in America, we need jobs.
In Southwest Virginia, small towns that rely heavily on the coal industry fear that the worst is yet to come. This administration’s heavy –handed EPA regulations continue shuttering plants and closing coal mines, leaving thousands out of work.
But it isn’t just those that work in the mines or plants that are being impacted, it is entire communities. Local stores and restaurants depend on the industry workers to keep them in business, and when coal leaves an area, so does their clientele.
As several in the area have said, if coal stops then the economy stops, leaving small communities a Ghost Town.
President Obama and Gov. Mitt Romney meet this evening for the third and final presidential debate to discuss issues crucial to the future of America. One issue certainly needs to be brought to the candidates’ attention: energy in America.
With only 15 days left before the election, tonight’s discussion will be vital to the vote that ultimately decides our next president. We need to stand together and fight for the future of coal and ensure that it continues to provide affordable energy for the present and future of our economy. Coal remains an abundant, affordable domestic energy source that fuels smalls businesses and American families.
Don’t forget to remind our candidates that Coal = Jobs and sign our petition to stand up for coal in America.
The No. 88 Clean Coal Chevrolet is back on the track this weekend, as driver Cole Whitt heads to the Kansas Speedway for the Kansas Lottery 300. Coal provides 70 percent of electricity in Kansas—giving residents of the Sunflower State affordable, reliable electricity. It helps keep electricity rates affordable for small businesses and families, and helps keep the state on track.
From Delaware to Kansas, the No. 88 Clean Coal Chevrolet has had a great season on the road with JR Motorsports. NASCAR fans have had a chance to learn more about the abundance of energy in America at ACCCE’s Mobile Classroom—which Dale Jr. visited a few weeks ago—and see advancements in clean coal technology.
Once you’ve cast your ballot to vote for Cole, be sure to cast your election ballot, and vote with coal. Just like cars need fuel, America needs this affordable, abundant natural resource to stay on track.
This election, your vote could not be more crucial. Thousands of Americans have already lost their jobs, and even more are worried about their livelihood. That’s why it is absolutely essential that we encourage our friends, family members, co-workers, and neighbors to stand up for coal.
Sign this petition, and make your voice heard in support of American jobs and affordable electricity.
Both coal production and coal employment have declined since the president took office. According to the Bureau of Labor Statistics, coal mining employment has decreased 5 percent since January 2009. And between 13,000 and 17,000 jobs will be lost as coal plants are being forced to shutter due to onerous EPA regulations, according to our estimate.
Coal production in the second quarter of 2012 was the lowest level of any quarter in the past four years. For the first six months of the year, coal production was 7 percent lower than it was for the same time period in 2009, according to the 2012 Quarterly Coal Report issued by the Energy Information Administration.
We’re keeping track because the stakes have never been higher. The EPA’s war on coal is destroying jobs and the affordable energy that keeps businesses competitive, all while raising costs for families.
Tomorrow, we’ll be in Zanesville, Ohio to talk about the impacts of over-regulation on the state and local economies. Ohio gets nearly 80 percent of its electricity from coal, but EPA regulations are threatening this stable, reliable energy source. Stand up for coal now.
Although the focus is on Ohio, this is a national issue – all over this country, EPA regulations are causing coal plants to retire, threatening to raise costs for the small businesses that fuel the innovation and the economy in our country.
Two congressmen will be in attendance: Rep. Bill Johnson (OH-6) and Rep. Pat Tiberi (OH-12). With many plants being threatened in Ohio, and over 200 plants at risk of being shuttered around the country, Reps. Johnson and Tiberi understand that the EPA’s attack on the use of clean coal to generate affordable and reliable electricity is misguided, expensive, and hurting our country.
We polled Ohioans on this, and found that 72 percent think prematurely shutting down coal plants is a bad idea. And yet the EPA’s attacks continue.
Take action: Sign our petition, and support jobs and affordable electricity. Don’t let EPA regulations hurt the small businesses that keep America competitive.
Mike Duncan is the president and CEO for the American Coalition for Clean Coal Electricity, a national, nonprofit organization dedicated to supporting and promoting the use of coal...
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Laura Sheehan Senior Vice President
Laura Sheehan is a seasoned public affairs expert with more than a 20-year track record in policy communications, media relations, crisis and issues management, community and...
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Julia Treanor Senior Director
Julia Treanor is a strategic communications and public affairs professional with nearly 10 years of experience in digital strategy, issue advocacy, political communications, media ...
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Jade Davis Senior Director
State Affairs and Outreach
Jade Davis is the Senior Director of State Affairs and Outreach at ACCCE. In his current role, Jade works with ACCCE’s regional and communications staff and government affairs staff ...
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Darian Ghorbi Director
Darian Ghorbi is the Director of Policy Analysis at ACCCE. Prior to joining ACCCE, Darian spent five years working for the U.S. Department of Energy.
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Elizabeth Jennings Communications Specialist
Elizabeth Jennings is ACCCE’s Communications Specialist acting as an integral part of our communications team. She works to expand the reach of our message through traditional and new media platforms....