Leaders of the coal industry are now slamming a new climate change bill being backed by Joe Manchin.
As The Daily Caller reports:
The West Virginia Coal Association and several other state coal groups blasted Democratic Sen. Joe Manchin of West Virginia for sponsoring a bill that will “severely threaten” the industry in a statement on Wednesday.
The leaders of eight state coal trade associations slammed Manchin for joining his party in supporting the purported “Inflation Reduction Act of 2022,” which contains provisions that will target the coal industry, according to the statement. Manchin’s support for the bill, which was welcomed by President Joe Biden and environmental activists, is causing the coal sector to doubt the senator’s efforts to protect coal jobs across America.
“This legislation will serve to severely threaten American coal and the $261 Billion of annual revenues that it produces for the nation’s overall economy and attendant 381,000 American jobs,” the groups said, citing statistics from West Virginia University’s Bureau of Business and Economic Research.
The package will hand the Environmental Protection Agency $45 million to regulate greenhouse gases that come from coal facilities under the Clean Air Act, according to the bill. The bill also increases the tax per ton of coal coming from underground mines from $0.50 to $1.10 and hikes the tax on surface mines from $0.25 to $0.55 by changing the tax code and striking down a subsection that reduced taxes on coal.
The associations went on to call the legislation “egregious” and went on to claim that they were ‘shocked and disheartened’ by Manchin’s support for it.