WASHINGTON — The National Association of Manufacturers (NAM) today released a new study, A Critical Review of the Benefits and Costs of EPA Regulations on the U.S. Economy, which finds six major Environmental Protection Agency (EPA) regulations will cost manufacturers hundreds of billions of dollars and cause the loss of several million jobs. The study, conducted by ndp|consulting, also finds these regulations will produce negative net benefits to society.
“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 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 examines the cumulative impact of the EPA’s final Utility MACT and Boiler MACT rules, its still-pending Coal Combustion Residuals and Cooling Water Intake Structures regulations, and its expected Cross-State Air Pollution Rule and National Ambient Air Quality Standards for Ozone on the U.S. economy.