On the recordNovember 30, 2015
I thank my friend from Ohio for the opportunity to be able to provide some remarks this evening. It is no secret that American coal production and coal-fired electric generation is experiencing regulatory and legal obstacles at every turn. In 2008, the President famously outlined an energy vision in which he stated, ``So if someone wants to build a coal-fired power plant, they can. It is just that it will bankrupt them.'' There is no ambiguity in that statement. The administration is certainly not seeking to encourage coal production. Indeed, it is just the opposite. The Environmental Protection Agency just finalized its so-called Clean Power Plan, a carbon emissions rule that will force States to submit complex plans to meet federally mandated emission goals. The EPA estimates the annual cost of this rule to be anywhere from $5.5 billion to $8.8 billion annually, but other credible estimates are much higher, ranging from $366 billion to $479 billion from 2017 to 2031. Now, why is this important? Oftentimes, when we are talking about fees about taxes that are going to be applied, we assume that someone else gets to pay them. Here is the real reality: These costs are being shouldered by hardworking Americans who will see their energy bills increase.…





