From the Texas Public Policy Foundation, “Foundation: Federal climate change proposals could cost Texas almost 200,000 jobs“:
HOUSTON – The enactment of current federal proposals to cap carbon emissions could cost Texas as much as 200,000 jobs and $41 billion in economic activity in the year 2030, according to new research released today by the Texas Public Policy Foundation.
“Texas, having an economy tied to energy development and manufacturing, is particularly vulnerable to adverse impacts from federal mandates to reduce greenhouse gases,” said the report’s co-author, Dr. Margo Thorning. “If pending legislation such as the Waxman-Markey bill is enacted, the Texas economy will experience slower growth and thousands of valuable jobs will be lost. Energy intensive industries with foreign competition could reduce their operations in Texas and relocate in countries without similar mandates.”
By 2030, Texas would lose 144,600 to 196,900 net jobs, even after accounting for new “green” jobs. Gross state product would drop as much as $41 billion, and manufacturing output would fall in the range of 5 percent.
“The sectors that would absorb the most damage from a cap of carbon emissions are among the most productive and central to Texas’ economic success during the last decade,” said TPPF’s Kathleen Hartnett White. “These are the type of good-paying jobs we need to bring to Texas, rather than lose those jobs to foreign countries that don’t handicap their industries with costly and ineffective carbon mandates.”
Yes, you can’t really argue that creating jobs is priority while supporting legislation to submit emissions-creating economic activity to an all-encompassing federal regulatory regime.
Admittedly, it does appear that federal legislation is less and less likely. The politicized science of global warming has suffered serious, self-inflicted damage in recent months (a summary from Deroy Murdock), so advocates of federalizing carbon dioxide are counting on regulation through an EPA endangerment finding under the Clean Air Act. Which takes us back to Texas and the state’s legal challenge to EPA action. From Investor’s Business Daily, “A Green Tea Party“:
In Texas’ suit, state Attorney General Greg Abbott said the [climate science] shenanigans made any policy decisions based on that work flawed and unjustified. Abbott cited several examples in which he said climate scientists engaged in an “ongoing, orchestrated effort to violate freedom of information laws, exclude scientific research and manipulate temperature data.”
“With billions of dollars at stake, EPA outsourced the scientific basis for its greenhouse gas regulation to a scandal-plagued international organization (the IPCC) that cannot be considered objective or trustworthy,” Abbott argued.
“This legal action,” said Texas Gov. Rick Perry, a 10th Amendment champion, “is being taken to protect the Texas economy and the jobs that go with it, as well as defend Texas’ freedom to continue our successful environmental strategies free from federal overreach.”
Latest posts by Carter Wood (see all)
- Farewell from a Blogger - May 25, 2011
- Activist Ignore Evidence to Back Shakedown Suit Against Chevron - May 25, 2011
- More than a Lawsuit: A Circle of Political Pressure Against Chevron - May 25, 2011