Has energy costs skyrocket the cost of doing business here will also increase and so the next result will be to drive jobs offshore. As factories close operations the use of energy will be reduced and Obama will have his wish of a country that emits no CO2 — The reason being the country is shut down!
By Nicolas Loris ~
President Barack Obama told the United Nations General Assembly that nobody would get a pass when it comes to climate change. The President was referring to developing nations and the need for them to make emissions cuts, but his words hold true for those here in the U.S. as well. Nobody is going to get a pass from the economic pain felt by the Administration’s climate regulations.
Exelon Senior Vice President Kathleen Barron told the Illinois Commerce Commission rate hikes would be necessary to keep the state’s nuclear plants running to help meet the Environmental Protection Agency’s (EPA) greenhouse gas regulations for existing power plants. Chicago Businessreports:
Citing estimates from the U.S. Environmental Protection Agency on how much more nuclear plants should be paid for their output in light of their carbon-free emissions, Ms. Barron told commissioners an increase of about $6 per megawatt-hour…
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