Regulations Throw Sand In The Gears Of Business
March 19, 2021 By Jon Henschen, FA Financial Advisor The money spent on regulation and whether those dollars are ultimately cost effective in their stated goal rarely correlate. A prime example of this is the brick and tile industry, where the EPA and OSHA imposed rules in an effort to reduce mercury and particulate matter in the environment, which resulted in enormous costs. The industry had already experienced the Brick MACT rule in 2003, which required brick manufacturers to spend millions on scrubbers in order to help control emissions, however that rule was later thrown out. The EPA requirements passed in October of 2019 will cost the brick and tile industry $100 million annually, with the net result of 118 fewer pounds of mercury and 170 tons fewer of particulate matter being released...
