The solar industry is jubilant over President Obama’s Clean Power Plan, released in its final form on Monday, August 3. The same day, however, some other news reminded the public of what happens when government policy mandates and incentivizes a favored energy source: Taxpayer dollars are gobbled up and investors lose out. “The fundamental objective of the Clean Power Plan,” according to Solar Industry Magazine, “is the phasing out of coal-fired power plants in favor of low- or zero-emission sources…” It does this through three “building blocks,” one of which is: “increase electricity generation from non-emitting renewable sources, such as solar [...]
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The Clean Power Plan might be more aptly named the Grab Power Plan -- as its intent is to empower the EPA to grab power over electricity regulation and force a shift toward unproven renewable energy (if it were clearly a better deal, there would be no need for mandates). States are lining up to oppose this power grab, which might result in massive energy shortages long before 2030.
Obama's "Clean Power Plan" will hammer everything we make, grow, ship, eat and do. It will impair our livelihoods, living standards, liberties and life spans.
Imagine! If one little regulatory disagreement with the EPA has led to a years-long effort to salvage maybe half of the electric power being generated at the San Juan Generating Station in Farmington, New Mexico, what will be the full impact of the EPA's much hated Clean Power Plan? The answer -- total chaos, a massive loss of generating power, and economic ruin for millions of Americans.
The climate change crusades are heating up, thanks to an irascible President Obama, who sneers at polls showing Americans no longer believe in the hobgoblin view of carbon dioxide spread by politicians who arrogated science as a tool to be manipulated rather than a guide to rational behavior. CFACT advisor Larry Bell notes that the EPA’s regulatory war on coal rampage will impose major utility cost hikes, with disproportionate burdens falling upon economically disadvantaged residents of colder northern states. But who will pay the political price for this skullduggery?
By embracing radical environmentalism, Virginia seems to be vying with California for the title of the creator of the most destructive and unreliable energy policy at the highest cost to its citizens in the country.