Contact: Jennifer Scott (202) 249- 6512
Manufacturing Growth Reliant on Diverse, Affordable Energy
WASHINGTON (June 2, 2014) – The American Chemistry Council (ACC) issued the following statement in response to the U.S. Environmental Protection Agency (EPA)'s proposed guidelines for the regulation of greenhouse gas emissions from existing power plants.
"As we begin our review of EPA's proposal, we remain concerned that the regulations could lead to higher energy prices in certain parts of the country, a scenario that would make it more difficult for manufacturers in those states to compete abroad and grow and hire in the U.S.
"Since many chemistry processes require large amounts of electricity and natural gas, the U.S. chemistry industry is highly attuned to how EPA's regulations for the electricity sector could affect energy markets. We welcome the flexibility the Administration gave to states in designing compliance plans, and urge states to carefully assess how specific programs would affect energy costs, diversity and reliability.
"We are pleased to see that EPA's proposal has a role for energy efficiency, which is one of the most cost-effective ways to achieve emissions reductions. Model energy building codes and combined heat and power systems are two key options states should adopt.
"The U.S. chemistry industry is undergoing a historic expansion due to our decisive competitive advantage in the cost and availability of energy and feedstock. As of this week, chemical makers have plans for more than $113 billion in new investment over the coming decade. A comprehensive energy policy and smart regulations will be vital to our continued expansion in the United States."