Benjamin Goad
The country’s largest business lobby warned Wednesday that the Obama administration’s proposal to impose new limits on greenhouse gas emissions from power plants could eclipse $50 billion in annual costs through 2030.
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“Our analysis shows that Americans will pay significantly more for electricity, see slower economic growth and fewer jobs, and have less disposable income, while a slight reduction in carbon emissions will be overwhelmed by global increases,” said Karen Harbert, the institute’s president.
Read the full article at The Hill.