Boiling down the EPA’s so-called “Clean Power Plan” into a 1 minute video is no small task, but our friends at the Independence Institute did just that.
As they explain, the plan could shut down affordable, reliable power plants in favor of more expensive energy resources. While the EPA claims that CPP will increase public health and expand the economy, recent studies indicate otherwise.
A study commissioned by the National Black Chamber of Commerce found that EPA’s climate rule would increase both black poverty by 23% and Hispanic poverty by 26%, while causing the loss of 7 million jobs for black Americans and 12 million jobs for Hispanic Americans—all by 2035.
Because minorities and working-class Americans spend more of their monthly budget on energy, increases in energy prices could shrink the amount that families can spend on nutritious foods and medicine. The CPP could cause double-digit electricity price increases in 43 states and severe health consequences.
Even worse, the EPA says the plan may not result in any notable reduction in CO2 emissions. Simply put, EPA’s ballyhooed climate rule will raise electricity prices, force job loss, and increase poverty—potentially to no avail.