Pat Kiely, president of the Indiana Manufacturers Association, makes the case in The Indianapolis Star that manufacturing helps define what it means to be a Hoosier, and that definition is put at risk by ill-considered, far-reaching climate legislation.
Developing countries such as China and India are unwilling to curb emissions of greenhouse gases. If increased energy costs drive manufacturing from Indiana to developing nations that do not restrict greenhouse gas emissions, then there is no reduction in emissions and we have done nothing to achieve the purported goal of fighting climate change. While it does appear noble that the United States would demonstrate leadership to the world in regulating itself, the downside has lasting economic hardship to the nation’s economy and to states like Indiana.
The Indiana Manufacturers Association’s membership understands the importance of environmental stewardship. That said, the method of control is critical. States have different needs based on their overall production of greenhouse gasses — be it from production of energy, agriculture, manufactured goods or transportation-related factors. It seems the federal government should work first to resolve our domestic imbalances before offering to give foreign competitors billions of dollars that we don’t have to take American jobs.
Pat also notes the NAM and ACCF’s study on the economic effects of the Waxman-Markey bill, which shows for Indiana the potential:
- Loss of up to 59,260 jobs.
- Residential electricity price increases of up to 60 percent.
- Gasoline price increases per gallon of up to 26 percent.
Indeed, industrial states like Indiana would suffer disproportionate damage from Waxman-Markey and whatever climate-control scheme the Senate develops.