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So, contrary to what environmental groups and leftist politicians would like you to believe, we’re already doing an awful lot to reduce greenhouse gas emissions and fossil fuel use – far too much in my opinion – and we will continue to pay the economic price for these disastrous policies. Yet, the USEPA isn’t content. They have decided to regulate greenhouse gas emissions under the Clean Air Act and that legislative framework demands the construction of even more regulatory layers. The latest will be New Source Performance Standards (NSPS) which will, for the first time, create numerical limits on greenhouse gas emissions generated by fossil fuel burning power plants and oil refineries.
Despite the use of the adjective “New” in the acronym, NSPS standards apply to both new and existing sources of air pollution emissions. Typically, the agency uses a specific date in time to distinguish between new and existing sources. Sources built before the cut-off date have one emission limit to meet and sources built after have a different, more stringent limit. Given the record of Lisa Jackson’s USEPA so far, we can expect that the agency will adopt greenhouse gas emission limits on existing sources that will force some facilities to close and the rest to spend billions in retrofits. And the new source limit? Expect that to be so ridiculously low that nobody will even think of building a fossil fuel fired power plant or new oil refinery in the United States ever again. Of course, given the list of the other onerous regulatory initiatives provided above, building new energy or petrochemical infrastructure is no longer a feasible option anyway.
USEPA announced its intention to develop greenhouse gas emission limitations for the power sector and oil refineries as part of two proposed settlement agreements between the agency and several states and environmental groups who filed suit against the USEPA over greenhouse gas issues. As part of the settlement agreements, USEPA promises to have greenhouse gas emission limitations in place for the power industry by May 2012 and limitations on petroleum refineries in place by November 2012. The agency describes this as a “common sense approach” to reducing greenhouse gas emissions, and maintains that it is setting “a modest pace” in developing this massive new regulatory structure. More amazingly, USEPA administrator Lisa Jackson had this to say about developing new greenhouse gas standards:
We are following through on our commitment to proceed in a measured and careful way to reduce GHG pollution that threatens the health and welfare of Americans, and contributes to climate change,” Administrator Lisa Jackson said. “These standards will help American companies attract private investment to the clean energy upgrades that make our companies more competitive and create good jobs here at home.
This is of course the same Lisa Jackson who believes that the Clean Air Act is solely responsible for American economic growth over the last forty years. This latest statement by the delusional director shows that she’s drifted even farther into a green fantasyland. Eliminating America’s ability to use a cheap, domestically plentiful source of energy to power industrial growth isn’t going to attract a dime of private investment. Undercutting America’s ability to turn crude oil into refined products isn’t going to create one good job at home. Jackson is spinning yarns, utilizing all the right buzzwords, like threats to “health and welfare,” “attract[ing] private investment,” and “creat[ing] good jobs,” but those words are as hollow and meaningless as any ever uttered by the most cynical of professional politicians. The actions of Jackson’s USEPA and Congress’s continued unwillingness to rein her agency in guarantee that economic recovery and job creation will continue to be an impossibility as long as the Obama administration is in charge.
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