THE FOUNDRY 3 Hours Ago 11 Problems with President Obama's Climate Change Plan by Nicolas Loris Nicolas Loris June 26, 2013 at 4:40 pm Newscom President Obama's climate plan would have a chilling effect on the economy, not the environment. Here are 11 problems with the plan he outlined this week. 1. Higher energy bills. The Environmental Protection Agency's carbon dioxide regulations on new and existing power plants would be huge blow to American families. It costs more to heat and cool your home, to cook your meals, to light your home. If the Administration phases out coal, then before 2030, electricity prices would increase 20 percent and cause a family of four to lose more than $1,000 in annual income. 2. Lost jobs. Higher energy prices ripple through the economy. Businesses face higher operating costs and pass those costs on to the consumer. Heritage found that significantly reducing coal, as the President's climate plan would do, would destroy 50...