Chamber study predicts Obama's "war on coal" will kill jobs

|By:, SA News Editor

Pres. Obama’s plan to combat climate change could cost the U.S. economy $50B/year and destroy more than 200K jobs, the U.S. Chamber of Commerce argues in a new study that comes out just days before the EPA is expected to lay out new guidelines aimed at slashing greenhouse gas emissions, largely by shifting the nation away from the use of coal.

The EPA hopes to reduce the percentage of U.S. electricity generated by coal to 14% by 2030 from 37% today, while the amount of electricity generated by natural gas would rise to 46% by 2030 from 30% now.

Groups supporting the new EPA goals say they will make the U.S. more energy efficient, cut household energy costs and even create thousands of new jobs; the Natural Resources Defense Council comes out with a report tomorrow making those claims.

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