Today, the Greater Shreveport Chamber of Commerce joined with 74 other state and local business associations from 33 states in filing an amicus brief in the U.S. Supreme Court outlining the devastating economic effects of the Environmental Protection Agency’s (EPA) greenhouse gas regulations.
In issuing these regulations, the EPA purports to have the authority to regulate more than 6 million new facilities including factories, power plants, bakeries, office buildings, hospitals, multifamily residential buildings, and other “small sources” of greenhouse gases.
“This is an extremely onerous burden for any business to bear, but it will be particularly devastating for small businesses,” said Shreveport Chamber Chairman Murray W. Viser. “Additionally, these regulations will also force some energy producers to shut down and will certainly raise energy costs throughout the entire supply chain. And, ultimately, these increased costs will be passed along to consumers in the form of price increases.”
The Greater Shreveport Chamber of Commerce argued in its amicus brief that the threat of these invasive and intrusive regulations produce a “chilling effect” that impacts plans for expanding operations, entering into new markets, and developing new products. The Shreveport Chamber explained that both large and small enterprises will understandably hesitate if growth entails the complexities and costs of regulatory compliance. And, those that do decide to grow will necessarily pass those costs onto their customers. The businesses that cannot do so will suffer decreased profits in the midst of the current economic crisis – a setback that can ultimately threaten their survival.