he Obama administration has done it again. Chase Power was planning a high-tech coal power plant in Texas, but had to scrap the project because of EPA regulations. President Obama did promise to cripple the coal industry and send electricity prices skyrocketing, and that is one promise he’s keeping. Forward, comrades!
“Chase Power … has opted to suspend efforts to further permit the facility and is seeking alternative investors as part of a plan of dissolution for the parent company,” Chase CEO Dave Freysinger told the Corpus Christi Caller-Times.
Freysinger made it very clear who was responsible for the projects death. “The (Las Brisas Energy Center) is a victim of EPA’s concerted effort to stifle solid-fuel energy facilities in the U.S., including EPA’s carbon-permitting requirements and EPA’s New Source Performance Standards for new power plants,” he said.
The Las Brisas power plant had been part of a larger Las Brisas Energy Center project planned for Corpus Christi’s Inner Harbor.Economists had projected that in the first 5 years of construction and operation the project would create as 1,300 direct and 2,600 indirect jobs. Now none of those jobs will exist. (Read More)
Who needs all of those jobs when everyone can just sign up for welfare?
Update: Linked by Big Pulpit – thanks!
Update: Linked by The First Street Journal – thanks!