FOR IMMEDIATE RELEASE
September 11, 2020
US Senate Refrigerant Bill Not Cool
NEWARK, DE - David Stevenson, Director of the Center for Energy & Environmental Policy at the Caesar Rodney Institute, has responded to the new federal legislation that is being passed which directly ties Delaware Senator Tom Carper and Delaware based Chemours as one of the prime beneficiaries.
"Excursions away from free market principles get really expensive for consumers. An energy bill passed out of the US Senate Energy & Public Works Committee Sept. 10 is a case in point. It forbids the sale of inexpensive existing refrigerants, and forces the use of a replacement costing up to fifteen times more.
The legislation will likely cost consumers about $13 billion a year just in higher refrigerant cost, and when money is misspent jobs are lost.
That cost translates to an extra $100 for a new car, new residential air conditioning, or repair. This is about money. Lots of it, as that $13 billion a year in higher consumer costs goes directly to two companies- Honeywell and Chemours.
The claimed economic, and climate benefits of the AIM Act simply don’t exist. The shameful motives behind the Act are very real. "
Mr. Stevenson served on President Trump’s EPA transition team and is a founding member of the State Policy Network's Energy & Environment Working Group.
About Caesar Rodney Institute:
Caesar Rodney Institute is a 501(c)(3) non-profit, nonpartisan, public policy research organization in Delaware that provides its public and private sector members with a unique opportunity to work together to develop policies and programs that effectively promote economic freedoms, limited government, and civil liberties.
Caesar Rodney Institute