Railway Supply Institute Responds to EPA's June 2, 2014 Proposal on Carbon Emissions
FOR IMMEDIATE RELEASE
June 4, 2014
Contact: Nicole Brewin, Railway Supply Institute, email@example.com, 202-347-4664
Railway Supply Institute Responds to EPA’s June 2, 2014 Proposal on Carbon Emissions
The Railway Supply Institute (RSI) issued the following statement by Nicole Brewin, Vice President of Government Affairs, in response to the U.S. Environmental Protection Agency’s (EPA) June 2, 2014 proposal on carbon emissions:
“While RSI and its member companies are still reviewing the proposal, we are concerned that the EPA’s proposed carbon emissions regulations will burden consumers and cause disproportionate harm to the U.S. rail industry and its supply companies, which manufacture goods for and provide services to our nation’s freight railroads. Not only is EPA’s proposal unprecedented in its reach, cost, and complexity, the proposed carbon regulations could strike a major blow to our nation’s economy, raising energy prices and costing jobs.
Recent analyses of potential carbon regulations show the impacts could include:
- As many as 178,000 jobs lost per year;
- Double digit electricity price increases in many states; and
- Forced shutdown of over half of all U.S. coal-fired power plants.
The proposed regulations are of great concern to RSI because most coal in the United States is consumed at coal-fueled power plants. Historically, coal has dominated U.S. electricity generation because it is such a cost-effective fuel choice, and freight rail is a big reason for that. More than 70 percent of the coal delivered to coal-fueled power plants is delivered by rail. In 2012, coal accounted for 41 percent of rail tonnage and 21.6 percent of rail gross revenue.
RSI’s member companies represent a $23 billion-a-year industry supporting 90,000 American workers. We are very concerned about the consequences this proposal will have on American companies.”
About The Railway Supply Institute (RSI)
The Railway Supply Institute (RSI) is the international trade association for the rail supply industry, representing the nation’s leading companies involved in the manufacture of products and services in the freight car, tank car, locomotive, maintenance-of-way, communications and signaling, and passenger rail industries. For more information visit RSI’s website, www.rsiweb.org, or call 202-347-4664.