Friday, January 08, 2010

New EPA "standards" will hit our bank accounts

The new limits, intended to protect public health, are the strictest ever proposed by the Environmental Protection Agency. They will put hundreds of counties across the nation out of compliance and force local officials to find creative new ways to squeeze more pollution reductions from transportation, heavy industry and residents.

In proposing the new limits, the Obama administration acknowledged that the tougher rules could cost electric utilities and oil companies as much as $90 billion in compliance costs. But the federal agency justified the expense by citing the potential savings - between $13 billion and $100 billion per year, depending on just where the limit is set, in avoided medical costs and missed workdays from reductions in asthma, bronchitis and other health complications.