Click here for linkIt was sadly ironic that Texas energy company Luminant announced it would lay off 500 employees on the same morning that President Obama unveiled legislation designed to promote job growth. The company said that a new rule from the Environmental Protection Agency will force it to cease operations at two electricity generating plants, and close three coal mines.
“We have hundreds of employees who have spent their entire professional careers at Luminant and its predecessor companies,” Luminant CEO David Campbell said in a news release. “At every step of this process, we have tried to minimize these impacts, and it truly saddens me that we are being compelled to take the actions we’ve announced today.”
The company cited the EPA’s new cross-state pollution rule as the impetus for the decision, and noted that it had worked to identify other means of reducing emissions, but that “meeting this unrealistic deadline also forces us to take steps that will idle facilities and result in the loss of jobs,” Campbell said.
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