This week, the President Barack Obama proposed a new "Clean Power Plan", which would set new regulations that seek to reduce carbon dioxide emissions from power plants by 32 percent from 2005 levels by 2030.
U.S. Senator Tim Scott (R-SC) blasted the proposed regulations.
"The EPA’s final plan is unattainable, unachievable and unrealistic. That’s why when it was first announced, thirty-two states strongly opposed the rule and fifteen states, including South Carolina, challenged it in court."
Thomas J. Donohue, president and CEO of the U.S. Chamber of Commerce, echoed Scott's sentiments.
"With these rules, the EPA is trying to stretch its authority beyond recognition and to double down on its attempt to impose an unprecedented takeover of our energy system," said Donohue. "As dozens of states, the Chamber, and numerous other stakeholders have discussed, the EPA's effort to shut down existing power plants and thus drive up energy prices for businesses and consumers alike will inflict significant damage to our entire economy and reduce our nation's global competitiveness without any significant reduction in global greenhouse gas emissions."
“While we all agree our energy policy should embrace sustainable, accessible and affordable sources of energy, the EPA has once again forgotten the affordable piece," added Scott. "The fact of the matter is if your income is under $30,000, 25 percent of your income goes towards energy consumption. This is an incredible burden to place on single parents, seniors on fixed incomes and low-income families struggling to make their ends meet.”