President Obama’s Environmental Protection Agency has devoted an unprecedented number of bureaucrats to finalizing new anti-coal regulations that are set to be released at the end of November, according to a source inside the EPA.
More than 50 EPA staff are now crashing to finish greenhouse gas emission standards that would essentially ban all construction of new coal-fired power plants. Never before have so many EPA resources been devoted to a single regulation. The independent and non-partisan Manhattan Institute estimates that the EPA’s greenhouse gas coal regulation will cost the U.S. economy $700 billion.
The rush is a major sign of panic by environmentalists inside the Obama administration. If Obama wins, the EPA would have another four full years to implement their anti-fossil fuel agenda. But if Romney wins, regulators will have a very narrow window to enact a select few costly regulations that would then be very hard for a President Romney to undo.
Environmentalists at the EPA pulled this trick before in 2000 when the Clinton administration rushed out a finding that Mercury emissions from power plants were a growing public health threat pursuant to the Clean Air Act. That finding did not regulate power plants itself, but it did force the Bush administration to begin a lengthy regulatory process. The Obama EPA has estimated that this regulation alone will cost the U.S. economy $10.9 billion a year.
Reached for comment, Romney spokesman Ryan Williams said:
President Obama won’t tell the voters of the Virginia, Ohio, and Pennsylvania the truth about his plans to shut down the coal industry. Even after he loses on Tuesday, it appears that the President will still try to continue his efforts to kill their jobs and drive up their energy prices. Mitt Romney is committed to reversing the damage caused by the Obama Administration’s disastrous liberal agenda as soon as he takes office.