Just under a month ago, The New York Times ran an article by Coral Davenport, “Keystone Pipeline May Be Big, but This Is Bigger,” that missed the biggest thing of all.
Despite six years of study, President Obama has decided to further delay the Keystone pipeline and has, instead, set his sights on carbon regulations. Now, he is hastily jamming through unworkable rules in order to fulfill his political legacy; rules that will cost consumers billions of dollars, threaten U.S. jobs, and weaken the broader economy.
Interestingly in a different article published the same week, the Times reported on the poverty still plaguing Appalachia, citing the decline of the coal industry as one of the principal reasons. Now, Ms. Davenport’s piece reports that Obama’s EPA rules could shut down 600 more coal plants and put nearly 78,000 miners out of work.
What the Times has failed to do is connect the dots. If things are bad now, how much worse will they become when these rules are enacted? And what exactly is the plan to help the people in these impoverished regions, not to mention the millions of Americans who will pay higher energy costs?
The industry has invested $118 billion in new technologies that have reduced emissions more than 90 percent and it will spend another $27 billion through 2016 to reduce emissions even more. But instead of working with the industry for the benefit of all Americans, President Obama is determined to shut out the lights on working-class families.