Immediately following the election, President Obama’s Environmental Protection Agency plans a spate of new anti-coal regulation that will virtually grind the industry to a standstill. According to the Washington Examiner:
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.
President Obama is losing ground in Pennsylvania in the final days of the campaign. This is one big reason why.