FOR IMMEDIATE RELEASE
Ceres President Mindy Lubber Statement on EPA’s Mercury and Air Toxics Standard
In response to the Environmental Protection Agency's (EPA) announcement today of its proposed Mercury and Air Toxics Standard, the following statement was issued by Mindy S. Lubber, president of Ceres and director of the Investor Network on Climate Risk (INCR), a network of 95 institutional investors across North America managing more than $9 trillion in assets:
“Ceres fully supports the Environmental Protection Agency’s Mercury and Air Toxics Standard and the current schedule for implementation. As the nation’s economy struggles, the opportunity to improve public health while creating high-paying construction, installation, engineering and manufacturing jobs – while retrofitting outdated, high-polluting power plants – is a win-win we cannot ignore.
Studies show that utility compliance with EPA’s air pollution rules is feasible and manageable and would also stimulate significant job gains. Based on recent estimates that the power sector will invest almost $200 billion in total capital improvements over the next five years, total employment created by these investments is estimated at 1.46 million jobs, or about 290,000 jobs on average in each of the next five years.
This standard is critical to protecting Americans from the deleterious impacts of mercury and other hazardous air pollutants emitted from coal-fired power plants that aren’t equipped with robust emissions controls. It’s time to move forward with implementation of a standard that will not only protect American’s health, but avoid billions of dollars in health care costs and spur America’s competitiveness.”