American Power Act Lowers Energy Costs, Creates Jobs

June 15, 2010 3:51 pm ET — Chris Harris

For 57 days, BP's oil gusher in the Gulf has reminded Americans just how dangerous the energy status quo is.  Our reliance on fossil fuels forces us to construct dangerous coal mines and drill hazardous oil wells far off our shore. 

Getting off 1900s-era fuels would increase the safety of American workers, bolster our national security, protect the environment, and create millions of jobs.  Fortunately, Sen. John Kerry (D-MA) and Sen. Joe Lieberman (I-CT) have introduced the American Power Act, which would do all that and more.

According to two studies out today, the American Power Act will create 540,000 jobs every year, and reduce American families' energy costs.

An analysis by the ClimateWorks Foundation concluded that the American Power Act would create 540,000 American jobs per year until 2030.  The organization wrote: "On balance, national employment would be 440,000 higher in an average year compared to BAU from 2012-2020 and 540,000 higher over the period 2012-2030."

Also out today is a study by the Environmental Protection Agency (EPA) that finds the American Power Act will slice the average annual household energy expenditure through 2030 and have a negligible impact on overall costs through 2050. 

According to The Hill, "The finding could provide a political lift for the bill authored by Sens. John Kerry (D-Mass.) and Joe Lieberman (I-Conn.), allowing them to counter GOP allegations that greenhouse gas limits would impose major costs on taxpayers."