The Clean Power Plan (CPP) during the Obama administration would increase electricity costs by $40.5 billion while reducing the GDP by an average of $59 billion each year, cutting more than 375,000 jobs by 2030, ÀÏÅ£Ó°ÊÓtold the Environmental Protection Agency (EPA) on Jan. 16. ÀÏÅ£Ó°ÊÓsubmitted comments in support of the agency’s proposed rule to repeal the 2015 rule. 

Formally known as the , the CPP established guidelines for states to follow to limit carbon dioxide (CO2) emissions from existing power plants. As a result, the rule would increase compliance and transaction costs and create uncertainty for America’s small businesses.

In its comments, ÀÏÅ£Ó°ÊÓexpressed its support for the . ÀÏÅ£Ó°ÊÓfavors proposals that take reasonable approaches to addressing carbon emissions while focusing both on supporting businesses and jobs and providing necessary environmental protection to communities.  

On March 28, 2017, President Trump signed on “Promoting Energy Independence and Economic Growth,” which directed the EPA Administrator to review the CPP. Following the review, the EPA published the on Oct. 16 and issued an to implement the president’s executive order on Oct. 25.