Oil Industry Spread Falsehoods About Cap-And-Trade's Impact On Florida

August 27, 2009 4:41 pm ET

The American Petroleum Institute claims Waxman-Markey will hurt Florida.  In reality, an increased investment in clean energy technology would create 95,000 Florida jobs.

American Petroleum Institute Falsely Claimed The American Clean Energy And Security Act Would Cause Job Losses

American Petroleum Institute:

As many as 184,100 jobs would be wiped out in Florida if a climate change bill passed in the U.S. House of Representatives becomes law, a study shows. [API Release, 8/26/09]

In Reality, Investing In Clean Energy Would Create 95,000 Florida Jobs

Florida Will Gain 95,000 Jobs From An Investment In Clean Energy Technologies.  According to the Center for American Progress and the Political Economy Research Institute, Florida could see "a net increase of about $8.1 billion in investment revenue and 95,000 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 95,000 jobs to the Florida labor market in 2008 would have brought the state's unemployment rate down to 5.2 percent from its actual 2008 level of 6.2 percent." [Center for American Progress and the Political Economy Research Institute, Clean-Energy Investment Create Jobs In Florida, 6/17/09]

  • Every Single State Will Gain Jobs From An Investment In Clean Energy Technologies. According to the Center for American Progress, investments in clean energy projects would create 1.7 million American jobs in every state in the country. [Center for American Progress, The Economic Benefits of Investing in Clean Energy, 6/17/09]

By 2025, Cap-And-Trade Will Save Americans $95 Billion

By 2025, A Clean Energy Standard Would Save $95 Billion On Energy & Gas Bills.  According to the Center for American Progress: "A national renewable electricity standard, a key piece of the clean energy legislation currently before Congress, would save households and businesses in every state billions of dollars in electricity and natural gas bills... The numbers come from the Union of Concerned Scientists, who earlier this year analyzed a renewable electricity standard that would aim to have 25 percent of our electricity come from renewable sources by 2025. They found that this standard would save families and businesses $95 billion in electricity and natural gas bills through 2030 and spur new investments and hundreds of thousands of new clean-energy jobs." [Center for American Progress, 5/19/09]

71% Of Americans Support The American Clean Energy And Security Act

71% Of Americans Support The American Clean Energy And Security Act.  According to a poll conducted by Zogby International, "A majority of likely voters - 71% - favors the American Clean Energy and Security Act recently passed by the House of Representatives, and two-thirds (67%) believe Congress is either doing the right amount (22%) or should be doing more (45%) to address global warming, new Zogby International telephone poll shows.  Just 28% believe that Congress is doing too much." [Zogby International, 8/11/09]

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