When you think about it, the Environmental Protection Agency is asking an awful lot from the country with its proposed, more restrictive standard on ozone. Underline the word "awful":
- 7.3 million U.S. jobs could be lost by 2020, according to a Manufacturers Alliance (MAPI) study.
- An additional $1 trillion in new regulatory costs per year between 2020 and 2030 again, according to the MAPI study.
- About 85 percent of the country in non-compliance with the new standard, including pristine areas like Yellowstone National Park. More below.
Here's the kicker: EPA has no real idea how the country would get in compliance. In its proposal the agency suggests new technologies will make compliance possible. Sounds like a leap of faith ... off a cliff. Howard Feldman, API's director of regulatory and... more »