Despite American Crossroads' Claims, Shuler's Clean Energy Vote Was Job Friendly
The Rove-linked American Crossroads is out with an ad blasting Rep. Heath Shuler (D-NC) over his vote in favor of clean energy legislation, claiming that cap-and-trade would kill over 60,000 jobs in North Carolina. In reality, clean energy legislation would create over 50,000 jobs in North Carolina and millions across the nation. In addition, it would boost the economy while costing only about a postage stamp per day, to boot.
American Crossroads: "Wrong"
North Carolina's economy is reeling, and Heath Shuler is making it worse. While he should be helping us, he's supporting Nancy Pelosi and her failed agenda, voting for new job-killing energy taxes. Shuler's vote could mean higher gas prices and higher electrical rates. Worse, it could cost over 60,000 North Carolinians their jobs. Helping Pelosi while raising our taxes and costing us jobs. Heath Shuler: Wrong for North Carolina. American Crossroads is responsible for the content of this advertising.
Clean Energy Legislation Would Create Thousands Of Jobs In North Carolina And Across The Country...
North Carolina Would Gain 51,000 Jobs From An Investment In Clean Energy Technologies. According to the Center for American Progress and the Political Economy Research Institute, "North Carolina could see a net increase of about $4.3 billion in investment revenue and 51,000 jobs based on its share of a total of $150 billion in clean-energy investments annually across the country. This is even after assuming a reduction in fossil fuel spending equivalent to the increase in clean-energy investments. Adding 51,000 jobs to the North Carolina labor market in 2008 would have brought the state's unemployment rate down to 5.2 percent from its actual 2008 level of 6.3 percent. [Center for American Progress and the Political Economy Research Institute, Clean-Energy Investment Create Jobs In North Carolina, 6/17/09]
Investment In Clean Energy Technology Would Create Up To 1.9 Million American Jobs. According to the University of California-Berkeley, "new analysis by the University of California shows conclusively that climate policy will strengthen the U.S. economy as a whole. Full adoption of the ACES package of pollution reduction and energy efficiency measures would create between 918,000 and 1.9 million new jobs." [UC Berkeley, accessed 1/22/10]
Investment In Clean Energy Technology Creates FOUR TIMES As Many Jobs As An Investment In Oil & Gas. According to the Center for American Progress, "spending $1 million on energy efficiency and renewable energy produces a much larger expansion of employment than spending the same amount on fossil fuels or nuclear energy. Among fossil fuels, job creation in coal is about 32 percent greater than that for oil and natural gas. The employment creation for energy efficiency-retrofitting and mass transit-is 2.5 times to four times larger than that for oil and natural gas. With renewable energy, the job creation ranges between 2.5 times to three times more than that for oil and gas." [Center for American Progress, The Economic Benefits of Investing in Clean Energy, 6/17/09]
...Boost The Economy...
Clean Energy Legislation Would Boost GDP By Up To $111 Billion. According to the University of California-Berkeley: "Comprehensive clean energy and climate protection legislation, like the American Clean Energy and Security Act (ACES) that was passed by the House of Representatives in June, would strengthen the U.S. economy by establishing pollution limits and incentives that together will drive large-scale investments in clean energy and energy efficiency...New analysis by the University of California shows conclusively that climate policy will strengthen the U.S. economy as a whole. Full adoption of the ACES package of pollution reduction and energy efficiency measures would ... boost GDP by $39 billion-$111 billion. These economic gains are over and above the growth the U.S. would see in the absence of such a bill." [UC Berkeley, accessed 1/22/10]
Clean Energy Legislation Would Boost Household Income By Nearly $1,200 Per Year. According to the University of California-Berkeley: "Full adoption of the ACES package of pollution reduction and energy efficiency measures would create between 918,000 and 1.9 million new jobs, increase annual household income by $487-$1,175 per year. ... These economic gains are over and above the growth the U.S. would see in the absence of such a bill." [UC Berkeley, accessed 1/22/10]
...And Cost Less Than A Quarter A Day
Reuters: "Climate Legislation Moving Through Congress Would Have Only A Modest Impact On Consumers." According to Reuters: "A new U.S. government study on Tuesday adds to a growing list of experts concluding that climate legislation moving through Congress would have only a modest impact on consumers, adding around $100 to household costs in 2020. Under the climate legislation passed by the House of Representatives in June, electricity, heating oil and other bills for average families will rise $134 in 2020 and $339 in 2030, according to the Energy Information Administration, the country's top energy forecaster." [Reuters, 8/5/09]
EIA: Clean Energy Legislation Would Cost Only $0.23 Per Day. According to a House Energy and Commerce Committee factsheet of the Energy Information Administration's analysis of the American Clean Energy and Security Act: "The U.S. Energy Information Administration (EIA) has completed an analysis of the American Clean Energy and Security Act (H.R. 2454), as passed by the U.S. House of Representatives... The overall impact on the average household, including the benefit of many of the energy efficiency provisions in the legislation, would be 23 cents per day ($83 per year). This is consistent with analyses by the Congressional Budget Office which projects a cost of 48 cents per day ($175 per year) and the Environmental Protection Agency which projects a cost of 22 to 30 cents per day ($80 to $111 per year)." [House Energy and Commerce Committee, EIA's Economic Analysis Of "The American Clean Energy And Security Act Of 2009," 8/4/09; emphasis original]
CBO: In 2020, Cap-And-Trade Will Only Cost An Average Of $175 Annually, "About A Postage Stamp A Day." In its analysis of the American Clean Energy and Security Act, the Congressional Budget Office wrote: "On that basis, the Congressional Budget Office (CBO) estimates that the net annual economy wide cost of the cap-and-trade program in 2020 would be $22 billion-or about $175 per household." Rep. Edward Markey noted it was "the cost of about a postage stamp a day." [CBO, 6/19/09; House Committee on Energy & Commerce Release, 6/20/09]
Cap-And-Trade Would DECREASE Energy Prices For Low-Income Americans. In its analysis of the American Clean Energy and Security Act, the Congressional Budget Office wrote, "households in the lowest income quintile would see an average net benefit of about $40 in 2020." [CBO, 6/19/09; emphasis original]
EPA: Senate's American Power Act Would Cost Families $79-$146 Per Year Over The Next Four Decades. According to The Hill: "A new EPA analysis of Senate climate change legislation estimates the plan would impose an average annual household cost of $79 to $146 over 40 years." [The Hill, 6/15/10]
Peterson Institute: American Power Act Would Only Cause "Between A $136 Increase And A $35 Decrease" In Annual Energy Costs Per Household. In its analysis of the American Power Act, the Peterson Institute for International Economics wrote: "In our analysis, households see somewhere between a $136 increase and a $35 dollar decrease in annual energy expenditures, depending on future improvements in vehicle efficiency. The American Power Act also returns much of the revenue raised through the sale of pollution permits to households, with further mitigates the impact of higher energy prices." [Peterson Institute, May 2010]