API President and CEO Jack Gerard applauded members of Congress who today voted to preserve American jobs by blocking EPA from regulating greenhouse gases under the Clean Air Act.
The American Council for Capital Formation (ACCF) has investigated the likely impact of EPA’s new GHG regulations on the cost of capital and U.S. investment.2 ACCF estimated that the pending GHG regulations would “increase the risk premium added to the firm’s cost of capital by 30% to 40%.”