Thompson discusses President's Plan to Unilaterally Impose New Energy Regulations
July 3, 2013
"The Obama Administration's excessive regulatory actions have been taking their toll on the nation's economy for some time now. Unfortunately, the President's new climate change plan appears even more costly and contentious than his previous proposals which were resoundingly rejected by his Democratic colleagues in the Senate.
"America needs a diverse supply of low cost and abundant energy sources. Coal is by far the cheapest and most abundant source of energy. Protecting the environment and developing our abundant natural resources such as coal are not mutually exclusive, but that's not what the President would have us believe.
"The Obama Administration continues to grossly underestimate the cumulative impact of their regulatory actions, and this new plan to unilaterally impose new energy regulations will cost more jobs and further harm family budgets through higher electricity prices."