Study says climate law could cost Texas lots of jobs
By TOM FOWLER
Read the rest here.Proposed U.S. climate change laws could cut Texas' manufacturing output by more than 5 percent and increase electric prices by as much as 52 percent by 2030, according to a study to be unveiled today by a conservative Texas think tank.The state's energy-intensive industries — including oil and gas producers and chemical plants — would be hit particularly hard by laws aimed at putting a price tag on greenhouse gas emissions, said Margo Thorning, one of the authors of the study done for the Texas Public Policy Foundation. It will be released at a Houston news conference.If pending legislation such as the Waxman-Markey bill is enacted, the Texas economy will experience slower growth and thousands of valuable jobs will be lost,” Thorning said, referring to the climate change bill passed by the House of Representatives last year. “Energy-intensive industries with foreign competition could reduce their operations in Texas and relocate in countries without similar mandates.”
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