Study: Proposed EPA climate rule could cost more than $50B annually by 2030

05/29/2014 | Hill, The

A draft proposal on greenhouse gas emissions from the Environmental Protection Agency could cost more than $50 billion annually through 2030, according to a new study from the U.S. Chamber of Commerce. The proposal could lead to a one-third reduction in the country's coal-fired energy capacity while cutting jobs and raising power bills, the study said. EPA said the report is based on speculation, since "throughout our history we've cut pollution by 70% while the economy has doubled."

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Hill, The

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