Made good on healthcare last week, bankrupts the coal industry this week
Washington, DC – Responding to an Environmental Protection Agency (EPA) decision this afternoon on the future of coal mining in Appalachia, Thomas J. Pyle, president of the Institute for Energy Research issued the following statement:
“Today’s EPA announcement will bankrupt the coal industry and cause electricity prices to “necessarily skyrocket,” fulfilling two more promises President Obama made while running for office. The magnitude of this EPA decision on new and renewal permits in Appalachia will cost American jobs and put mom and pop operators out of business.
“In fact, according to EPA Administrator Lisa Jackson there will be “no, or very few, valley fills that are going to meet this standard.” In other words, no new coal mining permits will likely be approved under this unilateral decision rendered today by the EPA.”
Click HERE for the EPA announcement.
FOR IMMEDIATE RELEASE:
March 31, 2010
Patrick Creighton: 202.621.2947
Laura Henderson: 202.621.2951