It’s no joke. According to Chemical and Engineering news, a draft report by the White House claims that EPA air pollution regulations have generated between $94 billion and $449 billion in economic benefits. The economic cost of the regulations was between $44 and $47 billion annually. So, it’s a break even affair.
One rule, however, is truly profitable. The one that limits emissions by coal fired plants in 28 states and D.C. costs $1.8 billion and has benefits of over $50 billion annually.
So, is it any wonder that so many states are suing the Bush EPA for wanting to relax these rules?