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HomemediaMining regulations pushed by Biden EPA putting industry on precipice of 'disaster,'...

Mining regulations pushed by Biden EPA putting industry on precipice of ‘disaster,’ executive says

The Biden administration is attempting to curb U.S. coal mining at the expense of energy security and American independence, pushing energy prices higher as the U.S. power grid is still heavily reliant on coal, natural gas and petroleum, according to an industry expert. 

The Environmental Protection Agency introduced new carbon pollution standards for coal and natural gas-fired power plants in May that it said would “protect public health, reduce harmful pollutants and deliver up to $85 billion in climate and public health benefits over the next two decades.” The proposal estimates that through 2042, the net climate and health benefits of the standards are up to $85 billion, but energy experts are pushing back on the EPA’s claims. 

The EPA is pushing through the regulations with “brute force,” so consumers have no choice but to turn to the renewables market and away from fossil fuels, Rich Nolan, the president and chief executive officer of the National Mining Association, told Fox News Digital. As a result, the regulatory environment for the mining industry is approaching “somewhat of a disaster,” he said, with the coal industry bearing the brunt of the burden and leaving the energy grid in a precarious position. 

There are over 3,400 fossil fuel-fired power plants in the United States, according to the EPA, and in 2022, about 60% of U.S. utility-scale electricity generation was produced from fossil fuels, 18% from nuclear and 22% from renewables. 

Mining

An aerial picture taken on September 29, 2022, shows trucks driving past a silt pond at a coal mine operated by Blackhawk Mining and Pine Branch Mining in Lost Creek, Kentucky.  (Photo by DIANE DESOBEAU/AFP via Getty Images)

“If you look at the 18 states that predominantly rely on coal for their electricity and the over 240 power plants that are coming under pressure directly from EPA, we’re talking about a half a dozen regulations that combined are rolling forward and forcing states to shutter well-running coal plants before their useful life has expired,” Nolan said.

“That’s going to put stress on grid reliability and the electric grid and drive up prices for consumers and businesses at the very time everyone’s reeling from energy-driven inflation and all the stressors in their day-to-day lives,” he added. 

The regulations were predicted to lead to retail electricity prices increasing 2% and the average nationwide prices of natural gas delivered to the power sector increasing 9% by 2030, according to the EPA’s regulatory impact analysis of the standards, Fox News Digital previously reported. In addition, the Henry Hub spot price, which is widely considered the benchmark tool to measure the U.S. natural gas market, was expected to increase 10% by 2030. 

The EPA told Fox News Digital in a statement that in crafting power sector regulations, respecting utilities’ ability and obligation to deliver reliable and affordable electricity is of “paramount consideration.”

“EPA has an excellent track record of delivering public health and environmental protections in ways that are fully consistent with grid reliability,” the statement said. “Both past and present rules reflect robust resource adequacy and reliability considerations in EPA analysis, as well as implementation safeguards to serve as a backstop if any tensions between reliability and environmental regulatory compliance requirements were to arise.” 

For more Culture, Media, Education, Opinion, and channel coverage, visit foxnews.com/media

Fox News’ Thomas Catenacci contributed to this report.

Kendall Tietz is a Production Assistant with Fox News Digital. 

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