Contact: Warren Robinson, 202-249-6516
WASHINGTON (July 31, 2014) -
Today, the National Association of Manufacturers (NAM) released a study that estimated new ozone standards proposed by the Environmental Protection Agency (EPA) could reduce gross domestic product (GDP) by $270 billion per year and raise compliance costs by $2.2 trillion from 2017 to 2040.
The following statement can be attributed to Cal Dooley, President and CEO of the American Chemistry Council (ACC):
"NAM's ozone study validates our strong concern that radical revisions to EPA's ozone standards could render much of the United States off limits to manufacturing and bring our economy to a screeching halt. We hope the study will demonstrate to EPA that new ozone standards must strike a balance that will support the comeback of American manufacturing and public health goals at the same time."