Determined to kill coal and increase electric costs.
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The country’s largest business lobby warned Wednesday that the Obama administration’s proposal to impose new limits on greenhouse gas emissions from power plants could eclipse $50 billion in annual costs through 2030.
The new study from the U.S. Chamber of Commerce comes ahead of the Environmental Protection Agency’s planned rollout of draft regulations at the center of President Obama’s climate change initiative.
Obama announced the push last year, declaring that he would not wait for the bitterly divided Congress to pass legislation to counter the effects of global warming.
“Congress is being bypassed and this is the path that we’re on, which its why we sought to analyze this,” said Karen Harbert, president of the Chamber’s Institute for 21st Century Energy.