It was sadly ironic that Texas energy company Luminant announced it would lay off 500 employees on the same morning that President Obama unveiled legislation designed to promote job growth. The company said that a new rule from the Environmental Protection Agency will force it to cease operations at two electricity generating plants, and close three coal mines.

The company cited the EPA’s new cross-state pollution rule as the impetus for the decision, and noted that it had worked to identify other means of reducing emissions, but that “meeting this unrealistic deadline also forces us to take steps that will idle facilities and result in the loss of jobs,” Campbell said