Obama Pushes Carbon Cap-and-Trade Through EPA

News
June 9, 2014
Scott Manley
 
While these strategies will be very costly for Americans everywhere, some regions will be impacted disproportionately. Since prices for electricity are about 30 percent higher in New England and California which already require high uses of renewable fuels, it will redistribute income by placing a toll on others that don’t. Particularly hard hit will be much of the South, the Ohio River Valley, and the mid-Atlantic.
 
And although coal-producing states such as Wyoming, North Dakota, Pennsylvania, and Montana will get hurt the worst, they certainly aren’t alone. According to a study sponsored by the U.S. Chamber of Commerce, the shuttering of hundreds of coal-fired power plants nationwide will eliminate hundreds of thousands of jobs.
 
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