Sen. Bingaman: Global Warming Bill Won't Come Cheap
Regulatory Costs Will Grow Unpredictably
"Draft global warming legislation from Senator Jeff Bingaman (D-NM) is being billed as a moderate middle way to control greenhouse gas emissions, but in fact it will increase consumer energy costs, chill investment in new coal-fired power plants, and usher in a new era of anti-energy litigation.
An analysis by the Energy Information Administration shows that the Bingaman plan will increase coal prices by 81 percent and reduces the growth of coal capacity by half. As a result, consumers' electricity bills in 2030 would be 11 percent higher than what they otherwise would have been."
Continue reading at the Competitive Enterprise Institute.
"Draft global warming legislation from Senator Jeff Bingaman (D-NM) is being billed as a moderate middle way to control greenhouse gas emissions, but in fact it will increase consumer energy costs, chill investment in new coal-fired power plants, and usher in a new era of anti-energy litigation.
An analysis by the Energy Information Administration shows that the Bingaman plan will increase coal prices by 81 percent and reduces the growth of coal capacity by half. As a result, consumers' electricity bills in 2030 would be 11 percent higher than what they otherwise would have been."
Continue reading at the Competitive Enterprise Institute.
posted by HeavyHanded at
11:55 PM
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