“We know that low-income, minority communities would be hardest hit.”
That’s Environmental Protection Agency Administrator Gina McCarthy, speaking about the higher energy prices that would result from the Obama administration’s recently announced climate regulations on power plants.
The Clean Power Plan, which will require drastic cuts in 47 states’ carbon dioxide emissions—consequently shifting America’s energy economy away from affordable, reliable coal—will adversely impact poor minority families the most.
McCarthy downplayed that fact by saying any minimal higher prices would be offset by implementing energy efficiency measures that would save consumers money in the long run.
In fact, as part of the regulation, the EPA “prioritizes early investment in energy efficiency projects in low-income communities by the federal government, awarding these projects double the number of credits in 2020 and 2021.”