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The American people rejected cap-and-trade (President Obama’s plan to make electricity prices “necessarily skyrocket” and “bankrupt coal”) in one of the biggest landslide elections in history in 2010. The day after that election, Obama said: “Cap and trade was just one way of skinning the cat; it was not the only way. It was a means, not an end.”
Since then, Obama has worked overtime to act as if the cap-and-trade bill passed and to twist decades-old laws in order to bankrupt coal and drive up the price of electricity.
The lynchpin of the Obama’s War on Coal is the so-called Utility Maximum Achievable Control Technology (UMACT) rule, also known as “Mercury and Air Toxics Standards” or “MATS.” The rule requires expensive retrofits at coal-fired power plants, raising electricity prices nearly 20 percent with no environmental benefit.
The cost, according to EPA’s own estimate, is $10 billion per year. A more realistic analysis from the national Economic Research Associates found compliance costs of $21 billion per year, with 183,000 lost jobs per year.
Worse, if the rule stands it will combine with Obama's new greenhouse gas rules to shut down all coal-fired power plants in America, a genuine economic catastrophe that will make prices “necessarily skyrocket” and undermine the reliability of our electric grid.
The Senate will soon vote on a resolution from Jim Inhofe (R-Okla.) that would overturn the UMACT rule.
Take action now to urge your senators to stand up to Obama and to Stop the War on Coal!
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