Did Climategate just happen? All the faithful sheep refuse to have their belief shaken a bit; all hail the EPA. Say goodbye to more of your money; you will now pay more for fuel, electricity, or any other energy need that you may have. Why? Because who is "the government"? You are, my friend. And you're now responsible for this travesty; you elected it...it's all yours.
Obama wants to create jobs? Not this way. Any "jobs" created will be the imaginary kind much like those claimed right now with >10% unemployment. Green jobs are apparently being created by BS. This CO2 regulation is such a HORRIBLE business DISINCENTIVE. All products that are produced with fossil fuels (i.e., EVERYTHING) will now cost more. Your taxes will be higher. You wanted to believe this global warming bullshit? Well, pay up.
WASHINGTON (AP) - The Environmental Protection Agency has concluded greenhouse gases are endangering people's health and must be regulated, signaling that the Obama administration is prepared to contain global warming without congressional action if necessary.
EPA Administrator Lisa Jackson scheduled a news conference for later Monday to announce the so-called endangerment finding, officials told The Associated Press, speaking privately because the announcement had not been made.
The finding is timed to boost the administration's arguments at an international climate conference—opening Monday—that the United States is aggressively taking actions to combat global warming, even though Congress has yet to act on climate legislation.
Many business groups are opposed to EPA efforts to curb a gas as ubiquitous as carbon dioxide.
An EPA endangerment finding "could result in a top-down command-and-control regime that will choke off growth by adding new mandates to virtually every major construction and renovation project," U.S. Chamber of Commerce President Thomas Donohue said in a statement. "The devil will be in the details, and we look forward to working with the government to ensure we don't stifle our economic recovery," he said, noting that the group supports federal legislation.
The Obama administration is expected to formally declare carbon dioxide a dangerous pollutant. WSJ's Jeffrey Ball and MarketWatch's Steve Gelsi explain what the decision could mean for companies.
EPA action won't do much to combat climate change, and "is certain to come at a huge cost to the economy," said the National Association of Manufacturers, a trade group that stands as a proxy for U.S. industry.