Colorado’s renewable standard to devastate economy

By |2013-02-20T11:53:01+00:00May 5th, 2011|Just the Facts Radio|Comments Off on Colorado’s renewable standard to devastate economy

Colorado is set to require that 30 percent of its power come from renewable sources by 2020. Paul Chesser, executive director of the  American Tradition Institute, believes this will devastate the state’s economy, and here explains why: “Unless Colorado repeals their renewable energy mandates, Coloradans will pay up to $2.1 billion more for electricity in 2020. Meanwhile there will be negligible environmental benefit, since renewables such as wind and biomass do not shrink CO2 emissions. The price Coloradoans will pay will be in massive job losses, diminished wages and disposable income, and businesses leaving the state in droves because of energy costs.”