Chamber’s Institute for 21st Century Energy issued a report on the potential impact of President Obama bypassing Congress and implementing legislation combating global warming. The Hill,
“Obama announced the push last year, declaring that he would not wait for the bitterly divided Congress to pass legislation to counter the effects of global warming…
“The institute’s report concludes that the forthcoming regulations could diminish the nation’s coal-fired energy capabilities by a third, as plants unable to meet the new standards shutter. Coal currently represents roughly 40 percent of the country’s energy production, and is a major part of the employment picture in many states, including West Virginia, Kentucky, Wyoming and Pennsylvania.
“The Chamber’s study says as many as 224,000 jobs would be eliminated annually through 2030 under the proposal.”