White House Official Admits Emissions Rule Won’t Do Much While EPA Extends Rule’s Comment Period
According to Bloomberg, White House science adviser John Holdren told lawmakers on Capitol Hill last week that the U.S. Environmental Protection Agency’s (EPA) draft rule concerning emissions from existing power plants “will make only a modest dent in global greenhouse-gas emissions” even though the rule would increase consumers’ energy prices by six to seven percent a year. While this admission suggests the EPA should rethink the rule altogether, the agency did announce last week that it would grant an additional 45 days for the public to comment on the proposal. (Representatives from industry, members of Congress and several governors had requested the extension.) The new deadline for comments is Dec. 1, 2014. The EPA said, despite the delay, it still plans to release the finalized rule sometime next summer. MSCI welcomes this extension and once again encourages it members to check the U.S. Chamber of Commerce Institute for 21st Century Energy’s website for a draft letter our members can sign to oppose this rule. MSCI suggests you personalize your letter by telling the EPA what your company will have to cut in order to pay for the increased energy prices that would result from this rule. Would you have to cut employment? Benefits? Investment? Finally, MSCI reminds members the EPA has announced it will hold another listening session on the rule this month. That session will be held on Sept. 25 in Harrisburg, Penn. MSCI members in the area are encouraged to attend. More information can be found here.