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This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Consumer Energy Alliance: Green New Deal Could Cost Consumers $244 Billion in Appliance Replacements

February 14, 2019

WASHINGTON--(BUSINESS WIRE)--Feb 14, 2019--Following news that Senate Majority Leader Mitch McConnell, R-Ky., plans to bring the proposed Green New Deal up for a Senate vote, David Holt, President of Consumer Energy Alliance (CEA), the leading consumer energy advocate, released the below statement:

“The Green New Deal is not a practical solution for American consumers. Many common household appliances including furnaces, water heaters, stoves and dryers are powered by abundant, affordable energy resources including natural gas, which the proposal aims to eliminate. Just considering the collective costs of replacing these daily household devices would cost American families nearly $244 billion!

Holt added: “The costs to replace these appliances required by the Green New Deal would be an insurmountable burden for the 39.7 million Americans living at or below the poverty line and the 61 percent of Americans that have less than $1,000 in their savings account. This segment of the population lacks the financial resources to replace the most essential appliances the Green New Deal would require. American consumers need better, more practical energy solutions than this proposal offers.

“The Green New Deal should be vigorously opposed by any political leader who has even a cursory understanding of the U.S. economy and sensible policies that would be designed to improve our environment and meet our growing energy needs.”

About Consumer Energy Alliance

Consumer Energy Alliance (CEA) is the leading consumer advocate for energy, bringing together families, farmers, small businesses, distributors, producers and manufacturers to support America’s environmentally sustainable energy future. With more than 550,000 members nationwide, our mission is to help ensure stable prices and energy security for households and businesses across the country. CEA works daily to encourage people across the nation to seek sensible, realistic and environmentally responsible solutions to meeting our energy needs.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190214005606/en/

CONTACT: Emily Haggstrom

P: 720-582-0242

ehaggstrom@consumerenergyalliance.org

KEYWORD: UNITED STATES NORTH AMERICA DISTRICT OF COLUMBIA

INDUSTRY KEYWORD: SENIORS WOMEN ENERGY ALTERNATIVE ENERGY COAL OIL/GAS UTILITIES TRANSPORT AIR MARITIME RAIL PUBLIC POLICY/GOVERNMENT CONGRESSIONAL NEWS/VIEWS OTHER POLICY ISSUES MANUFACTURING PUBLIC POLICY AEROSPACE AUTOMOTIVE MANUFACTURING WHITE HOUSE/FEDERAL GOVERNMENT CHEMICALS/PLASTICS ENGINEERING PACKAGING STEEL TEXTILES NATURAL RESOURCES AGRICULTURE FOREST PRODUCTS MINING/MINERALS ENVIRONMENT NUCLEAR CONSUMER FAMILY MEN

SOURCE: Consumer Energy Alliance

Copyright Business Wire 2019.

PUB: 02/14/2019 10:44 AM/DISC: 02/14/2019 10:44 AM

http://www.businesswire.com/news/home/20190214005606/en