Greater Cheyenne Chamber of Commerce Business Journal Q3 2014 | Page 8

U.S. Senator Mike Enzi The fight against coal affects small businesses Running your own business is The truth is that coal powers rewarding, but it comes with its America. Almost 70 percent of all challenges. As a former small energy produced in this country business owner I know how difficult came from the ground, most of it it is to juggle the many expenses coal. In Wyoming, coal is one of involved in running a business. our largest employers. It provides The last thing any small business high-paying jobs to our residents needs is skyrocketing energy and folks all across the country. bills. But that is exactly what will Actions have consequences, and happen if President Obama and these proposed regulations will the EPA get their way. The have a real, tangible, administration recently measureable impact on “An proposed new regulations increase of the economy at a time on power plant emissions when job creation should that will cost businesses that size would be our focus. all over America more for be noticed by their energy bills. almost The president may everyone.” No business likes to see their electric bill go up and states that rely on coal for their power see on average 30 percent lower electric costs than states that rely on other fuels. An increase of that size would be noticed by almost everyone. Low-cost energy could help create more than 1 million jobs over the next decade and lure more investment in American manufacturing. Aimed at putting coal out of business, these new greenhouse gas regulations will cause billions in annual economic losses. Hundreds of thousands of people will lose their jobs and businesses will be saddled with billions in costs – which will eventually be passed on to consumers in the form of double digit energy price increases. PG 8 l Update want us to move away from coal, but I think we should embrace it. If we want our businesses to succeed, we need to allow them room to innovate, and that includes coal. George Washington Carver developed over 100 products from peanuts. Think what we could do with coal if we spent more time and resources developing this abundant resource instead of trying to destroy it. American ingenuity would lead to our next energy revolution. But that’s not happening. Instead, a project the University of Wyoming and the private sector were working on to produce cleaner energy from coal was cancelled because of this president’s efforts to kill coal. To invent and invest there has to be a future market. The Republican Leader has already introduced legislation to stop this reckless move by the EPA, and I am proud to join him in his effort. Our bill is sim