EPA Assistant Administrator Gina McCarthy sought to allay business concerns that the rule, as originally framed, was unworkable.
“They are realistic, they are achievable and reasonable, and they come at about half the cost to industry to comply than the original proposal. In fact, the final rule lowers the cost of installing and maintaining pollution controls by about $1.8 billion below that that we had anticipated when the proposed rule went out in May of 2010.”
Lisa Jaeger, a partner with the law firm of Bracewell & Giuliani, says final rule is an improvement. But she says it’s still uncertain whether companies can afford to comply.
“A too costly rule could shift the balance in favor of shifting the jobs offshore.”
The EPA estimates the pollution controls will help prevent between 2,600 and 6,600 premature deaths per year.