EPA to issue carbon dioxide rule.
President Barack Obama's climate czar said Sunday the Environmental Protection Agency would soon issue a rule on regulation of carbon dioxide, finding that it represents a danger to the public.
The White House is pressing Congress to draft and pass legislation that would cut greenhouse gases by 80% of 1990 levels by 2050, threatening to use authorities under the Clean Air Act if legislators don't move fast enough or create strong enough provisions...
Officially recognizing that carbon dioxide is a danger to the public sets would trigger regulation of the greenhouse gas emissions from coal-fired power plants, refineries, chemical plants, cement firms, vehicles and any other emitting sectors across the economy.
Industry fears it could shut down the economy, not only preventing plants to operate and a drastic retooling of the energy sector but also pushing costs up uncompetitively, while environmentalists say that Administration action is required by law and to pressure lawmakers to act.
New and more stringent regulation of greenhouse gasses not only will affect obvious offenders like power plants and heavy industry. It will affect industries like railroads, which transport coal, and businesses that depend on servicing the transportation sector. These industries have already been hit hard by the recession, and now President Obama wants to crush them? Is this the change you voted for?
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