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Some national business organizations have hammered the Environmental Protection Agency (EPA) for proposing new rules on carbon pollution from existing power plants, cutting carbon emissions by 30 percent by 2030, using 2005 levels as a baseline. What planet are they on?
It’s ludicrous to pretend that climate change isn’t happening, or that it won’t affect every industry. It’s beyond comprehension that large business advocacy organizations, including the United States Chamber of Commerce, think that our government should stand by and do nothing, while climate-related disasters in 2012 caused more than $139 billion in damages, while U.S. taxpayers shelled out $96 billion in climate-related damages in 2012 alone, or while sea levels rise 6.6 feet by 2100 — enough to swamp Miami.
Let’s be clear: the costs from carbon pollution will be terrible for business. Climate change poses tremendous risks — insurance premiums will skyrocket, electricity prices will soar, jobs will be lost, food and transportation costs will dramatically rise and taxes will likely increase in order to pay for needed infrastructure upgrades.
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