Yesterday on Environment & Energy Publishing’s OnPoint news program, Karen Kerrigan, president and CEO of the Small Business and Entrepreneurship Council, highlighted how the Obama Administrations policies have stifled innovation and harmed small businesses.
Kerrigan highlighted that the Obama Administration’s burdensome regulations are “going to impact the cost of electricity for business owners and entrepreneurs, and for many business, particularly energy-intensive businesses, energy costs are the highest”
Kerrigan added that “the energy sector is dominated by small businesses, oil and gas for example, 90 percent of the businesses that actually do business in that sector are small businesses. So many small businesses are dependent on a vibrant coal industry, for example. So construction-wise, the businesses that are in these communities, all of them will be impacted by these regulations. But by and large, clearly, I think the cost of electricity is going to impact most small businesses.”
Kerrigan went on to point out that “innovation and technological advancement can happen without these burdensome and intrusive types of regulations.”
To view a complete transcript of the interview, click here.
“Mary Landrieu is chair of the Senate Small Business Committee, yet she’s done nothing to stifle the Obama Administrations efforts to further regulate countless American small businesses,” LAGOP Spokesman Ryan Cross said. “Small businesses are the backbone of Louisiana’s economy and Mary Landrieu has failed to protect them.”