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New Ozone Regulation Could Cost Nearly $1 Trillion Over Ten Years

In a letter delivered today to President Obama’s Chief of Staff, William Daley, Andrew Liveris, Chairman & CEO of The Dow Chemical Company, writing on behalf of Business Roundtable, said:

  • “…[E]stimated by EPA to cost anywhere between $20 and $90 billion annually…the ozone rule…threatens to seriously impede economic expansion by classifying literally hundreds of counties across the United States as nonattainment for ozone for the first time.”
  • “…[T]hese counties risk losing jobs when businesses respond to the higher costs and uncertainty by closing marginal facilities and siting new facilities elsewhere, including outside the U.S.”
  • “…[T]he ozone [regulation]…is discretionary and is not required by statute or court order.”
  • “The next scheduled statutory review of the ozone standard is in 2013 and the scientific panel convened by EPA to review the latest scientific evidence is already half way through their work.”
  • “We…urge the Administration to let this panel complete its work and recommend in 2013 whether the ozone standard should be changed.”

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