On December 18, the EPA will be holding a public hearing on Utility MACT—also known as the Mercury and Air Toxics Standards.
Here’s why Utility MACT is detrimental to both the U.S. economy and energy production.
- Utility MACT is expensive: This is the most expensive rule ever imposed on the coal-based electricity industry. By the EPA’s own analysis, Utility MACT will cost $11.4 billion in 2015—making it more expensive than the Acid Rain Program from 1990, which cost $3.75 billion in 2010, and the 2005 Clean Air Interstate Rule, with a cost of $4.6 billion in 2015.
- Utility MACT ignores current investment: The coal-based electricity industry has invested significantly to reduce emissions over the last several decades—spending more than $100 billion to dramatically reduce emissions, and will invest $125 billion through 2015 to reduce them even further. As a result of this investment, the industry has been able to reduce emissions of three major air pollutants (sulfur dioxide, nitrogen oxides and particulate matter) by 84 percent per unit of electricity generated.
- Utility MACT will cut jobs: Along with several other EPA regulations, Utility MACT will be responsible for 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.
It’s time to reign in the EPA and tell bureaucrats to rethink their poorly designed regulations.
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