Report: Federal EPA regs will severely harm California's economic growth

By CMTA Staff

Capitol Update, Nov. 29, 2012 Share this on FacebookTweet thisEmail this to a friend

CMTA joined the National Association of Manufacturers (NAM) this week to release a new study, A Critical Review of the Benefits and Costs of EPA Regulations on the U.S. Economy, that examines the harmful impact of several burdensome Environmental Protection Agency (US-EPA) regulations on California’s economy. The study finds that the annual compliance costs of the US-EPA’s proposed Utility MACT (maximum achievable control technology), Boiler MACT and Coal Combustion Residuals regulations on California are as follows:

  • Annual compliance costs: $181.9 million
  • Annual manufacturing sector compliance costs: $44.9 million
  • Total upfront capital expenditures to comply: $1.38 billion
  • Total manufacturing sector upfront capital expenditures: $317 million

“This study clearly illustrates the layer upon layer of regulations that are weighing down manufacturers’ ability to help lead our country’s economic recovery,” said NAM President and CEO Jay Timmons. “If we don’t return to a more sensible regulatory process, then manufacturers in California will face even higher energy prices, skyrocketing compliance costs, less investment opportunities and significantly fewer jobs. A devastating ripple effect will be felt throughout our entire economy, causing some manufacturers to close their doors for good.”

The study was conducted by ndp | consulting.

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