Today, the Environmental Protection Agency announced that carbon dioxide is a pollutant and a threat to human health. The announcement gives the EPA the go-ahead to regulate carbon dioxide emissions under the authority of the Clean Air Act. The decision is part of President Obama’s larger plan for drastic changes in emissions regulation that, according to the Administration, will create “millions of new jobs.”

The breathtaking measures are sure to put a damper on the already depressed industrial sector.

The ruling initiates a 60 day “comment period” before proposed regulations are made public.

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