Sen. Inhofe writes today at Human Events:

The evidence is in: The Obama Environmental Protection Agency’s cap-and-trade agenda is destroying jobs and decreasing domestic energy supplies. That agenda is slowing our economic recovery. It will mean higher gas and electricity bills for consumers.
Congress can stop this attack on jobs and affordable energy by passing the Energy Tax Prevention Act of 2011. The bill would stop EPA’s cap-and-trade regulations, which are designed to make the energy we use more expensive.
They will also strangle economic growth. As the National Association of Manufacturers wrote, “At a time when our economy is attempting to recover from the most severe recession since the 1930s, [EPA] regulations, with no guidance from Congress, will establish disincentives for the long-term investments necessary to grow jobs and expedite economic recovery.”
Workers and consumers will feel the pain. A study by CRA International estimates that the EPA’s cap-and-trade regulations could increase wholesale electricity costs by 35% to 45% and reduce average worker compensation by $700 a year. What would they get in return? EPA itself has conceded that its unilateral actions will be overwhelmed and rendered meaningless due to ever-increasing emissions from China and India.

The rest here.