by Dave Blount | July 13, 2011 2:19 pm
Barack Hussein Obama promised before the election that he would bankrupt the coal industry that provides us with 57% of our electricity. In an appalling testimony to the suicidal stupidity of 53% of the population, he was elected anyway. He’s using the malignant EPA to make good on his promise:
Utility giant American Electric Power said Thursday that it will shut down five coal-fired power plants and spend billions of dollars to comply with a series of pending Environmental Protection Agency regulations. …
In a statement outlining its plan to comply with EPA’s regulations, AEP said it would need to retire 6,000 megawatts of coal-fired power generation in the coming years.
The company, one of the country’s largest electric utilities, estimated that it will cost between $6 billion and $8 billion in capital investments over the next decade to comply with the regulations in their current form.
The costs of complying with the regulations will result in an increase in electricity prices of 10 to 35 percent and cost 600 jobs, AEP said.
Just the ticket to revive our debt-ravaged economy.
Without the electricity generated by coal, what is going to make the farcical electric cars we’re forced to subsidize go? Maybe the EPA will impose a regulation dictating that they have to run by magic.
On a tip from Byron. Cross-posted at Moonbattery.
Source URL: https://rightwingnews.com/economy/epa-kills-five-power-plants-along-road-to-darkness/
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