NAM claims EPA regulations will hurt manufacturing

on Wednesday, December 5, 2012

NAM claims EPA regulations will hurt manufacturingThe Environmental Protection Agency is awaiting the release of many new regulations, some of which could have a major impact on the manufacturing industry. The National Association of Manufacturers recently released a new study determining these new rules could cost manufacturers hundreds of billions of dollars.

The study took into account new regulations such as the Utility Maximum Achievable Control Technology (MACT) Rule, the Boiler MACT Rule, the Coal Ash Rule, the Cooling Water Intake Structures Rule and the Cross-State Air Pollution Rule. Energy Biz reported that while the EPA estimates compliance costs could total in at more than $111 billion, the manufacturing industry expects that number to be higher, at more than $138 billion.

NAM president and CEO Jay Timmons believes the regulations will increase the costs of manufacturing in the U.S. and make American companies less competitive.

"In the past 30 years, more than 2,000 regulations have been imposed on manufacturers," he said. "It is already 20 percent more expensive to manufacture in the United States compared to our largest trading partners, and more regulations from Washington are only digging the hole deeper."

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