Tag Archives: Institute for 21st Century Energy

Some of America’s most powerful business interest groups are opposing the Obama Administration’s landmark climate protection rules, claiming these will hurt the economy. The U.S. Chamber of Commerce’s Institute for 21st Century Energy warns that the new rules could cost the economy as much as $50 billion per year.

The polluters that profit from the status quo want to establish a simple narrative—that the carbon pollution reductions from power plants meant to slow climate change will cost jobs, raise electricity rates, and cause blackouts. These companies began a messaging campaign long ago equating carbon reduction to inevitable electricity rate hikes, yet many of them plan to raise rates anyway.