Republican leaders from three key Congressional committees have released a bill they hope will stimulate conversation on “the most effective approach to stop EPA’s cap and trade agenda.”
In a joint statement yesterday Reps. Fred Upton (R-St. Joseph), Chairman of the House Energy and Commerce Committee, Ed Whitfield (R-KY), Chairman of the Energy and Power Subcommittee, and Sen. James Inhofe (R-OK), Ranking Member of the Senate Committee on Environment and Public Works, said that the Energy Tax Prevention Act of 2011 will block EPA from regulating greenhouse gas emissions out of concern about climate change.
At the beginning of this year EPA began requiring large emitters of CO2 to report and consider ways to reduce their emissions. Pressure from industry and from Congress has already caused EPA to grant some large exemptions from the new rule. In January the agency reversed an earlier position and granted biomass-based power generation a three year exemption from greenhouse gas reporting rules.
The Republican lawmakers called EPA’s rules “all cost with no benefit” and warned that they would undermine the competitiveness of America’s manufacturers.
Yesterday in a call with reporters Natural Resources Defense Council Climate Campaign Director, Pete Altman said that the new EPA regulations would actually stimulate job creation.
“People would be put to work creating and installing measures to reduce pollution,” he said. “We export billions of dollars a year in pollution control technology. Millions are employed in the pollution control sector.”