EPA Takes Another Shot at the Economy, Proposes More Micromanagement
Nicolas Loris /
As Congress tries to knock out the economy in one fell swoop with its economically dangerous cap and trade proposal, the Environmental Protection Agency (EPA) is taking a different approach: proposing smaller, regulatory jabs at the economy with the intent to reduce carbon dioxide and other greenhouse gas emissions.
First, the EPA worked with the Department of Transportation to propose new vehicle standards – a 5 percent annual increase in fuel economy starting with the 2012 model year, reaching 35.5 miles per gallon by 2016. Last week, they announced the largest emitters of greenhouse gases must report their emissions.
Now, they’re going after large facilities. Just yesterday, “The Environmental Protection Agency announced plans to regulate greenhouse gas emissions from power plants, factories and oil refineries — a warning shot to Congress that if it does not move to curb global warming, the Obama administration will act on its own.”