On June 2nd, President Obama announced new EPA regulations that would impose significant restrictions on power plants.
Last week, environmental activists gathered in front of the EPA headquarters to show their support for the new regulations. There was live music, toys for the kids and free ice cream provided by Ben & Jerry’s.
The new regulations are intended to cut down on carbon emissions which the activists insist are endangering life on planet Earth. But imposing these regulations will come with a steep cost to American consumers who will have to cover the new costs imposed on the energy companies with higher utility bills.
The U.S. Chamber of Commerce estimates the regulations could put 224,000 Americans out of work annually and increase electricity costs by more than $289 billion.
Even the EPA itself estimates that the new regulations will cause electricity prices to increase dramatically over the next 6 years.
Americans don’t hear much about these new costs from environmental activists or the Obama Administration, so I decided to head down to the rally and ask them about it myself.