A panel discussion at the National Press Club examined a study released by the Maguire Energy Institute at Southern Methodist University’s Cox School of Business addressing the economic implications of a proposed U.S. Environmental Protection Agency rule on the cement industry.
panel discussion at the National Press Club examined a study released by the
Maguire Energy Institute at Southern Methodist University’s Cox School of
Business addressing the economic implications of a proposed U.S. Environmental
Protection Agency rule on the cement industry.
in the panel discussion included the study’s author, Dr. Bernard Weinstein,
associate director, SMU Maguire Energy Institute and Mr. Michael Joyce, Director
of Legislative Affairs for the Owner-Operator Independent Drivers Association.
continued focus on jobs and associated infrastructure investment as a means of
stimulating the economy, the study focuses on how the proposed EPA National
Emission Standards for Hazardous Air Pollutants regulations on the cement
industry may affect U.S.
government initiatives to spur job creation, rehabilitate old infrastructure
and reinvest in new projects. The study also focuses on how the industry
continues to make strides to meet cement supply demand while simultaneously
reducing emissions and manufacturing its products efficiently, independent of
2008, nearly $27.5 billion of America’s
economic activity, or gross output, occurred in the cement manufacturing
industry. The industry provided 17,000 jobs directly and indirectly, it
accounted for approximately 153,000 jobs nationwide and $7.5 billion in wages
and benefits, according to research conducted by SMU Cox. The research suggests
that there will be devastating economic ramifications if the EPA rules pass.
the EPA estimates that proposed regulations on the U.S. cement industry will
result in $340 million of new costs to the cement industry and a nearly 10
percent drop in domestic cement production-forcing plants to operate at a lower
capacity or shutter operations altogether, resulting in an uptick of cement
supply importation and the sending of U.S. jobs overseas.
employment impact of the infrastructure component of future economic stimulus
programs can be impaired by as much as 40 percent if construction materials are
produced abroad,” said the study’s author, Dr. Bernard Weinstein, associate
director, SMU Maguire Energy Institute. “The total economic footprint of the
cement industry, combined with construction projects made viable by affordable
and reliable cement supplies, probably accounts for millions of jobs and more
than $1 trillion of the nation’s output.”
EPA is expected to make final NESHAP rulings on the industry in summer
New Study Reports Economic Impacts of EPA Rules on Cement Industry
February 18, 2010