Longer version here. Remember, this is the guy who actively said he will bankrupt the coal industry.
Now, here comes a mandate for 30% cuts in emissions, which are already low.
WASHINGTON—The Environmental Protection Agency will propose a draft rule on Monday seeking a 30% reduction in carbon-dioxide emissions by 2030 from existing power plants based on emission levels from 2005, according to two people who have been briefed on the rule, setting in motion the main piece of President Barack Obama‘s climate-change agenda.
The rule, scheduled to be completed one year from now, will give flexibility to the states, which must implement the rules and submit compliance plans to EPA by June 2016. States can decide how to meet the reductions, including joining or creating new cap-and-trade programs, deploying more renewable energy or ramping up energy-efficiency technologies.
Either buy carbon indulgencies from Global Warming High Priest Al Gore or throw money at Solyndra or go out of business. And soon the American people will be experiencing brownouts and blackouts and power loss that will be blamed on the greedy power companies. There will always be kulaks or counterrevolutionaries or people who are not significantly revolutionary enough who are the cause of misery, never the actual tyrants who engineered it.
The Obama administration is already claiming credit for everything that was done by Bush 10 years ago and that is coming to fruition now. The Chamber of Commerce (though reprehensible on amnesty) has already come forth warning that the new regulations will cost upwards of $50,000,000,000 for energy producers. Watching the second Obama video above, he outright states “the companies will pass those costs onto their customers” – you will foot the bill for this. The EPA is already setting up a legal bulwark to prevent anyone from assailing their new regulations – they’re spending your money to raise your power rates and cut your access to energy and now they’re spending your money on their lawyers to crush anyone who would oppose them.