"Let me sort of describe my overall policy.What I've said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else's out there.
I was the first to call for a 100% auction on the cap and trade system, which means that every unit of carbon or greenhouse gases emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants that are being built, that they would have to meet the rigors of that market and the ratcheted down caps that are being placed, imposed every year.
So if somebody wants to build a coal-powered plant, they can; it's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted."
Barack Hussein Obama in an alarming January 17, 2008 interview with the San Francisco Chronicle (SF Gate) which the paper obligingly neglected to report.
Blogger J. D. Pendry sent this email regarding the story:
Obama’s Plan to Bankrupt the Coal Industry
Posted: 02 Nov 2008 05:38 AM CST
Obama has more good news for you bitter, gun clinging, Bible toting, hard working American Coal Miners.
http://www.youtube.com/watch?
v=Hdi4onAQBWQ (Sorry, I couldn’t get the embed to work)Please share this with all you know who live in these 26 states. Coal provides 50 percent of the electricity in America. It directly employs 81, 278 very hard working Americans. By its nature, it supports a large portion of the United States economy. And just for the record West Virginians (the country’s number 2 coal producing state), Governor Manchin, Senators Rockefeller and Byrd, and Representatives Rahall and Mollohan all endorsed the Presidential candidate that will devastate an industry and our state.
26 coal producing states, 52 Major Coal Mining Companies, 81,278 Coal Miners
1. Wyoming 2 West Virginia 3 Kentucky 4 Pennsylvania 5 Montana 6 Texas 7 Colorado 8 Indiana 9 Illinois 10 North Dakota 11 Virginia 12 New Mexico 13 Utah 14 Ohio 15 Alabama 16 Arizona 17 Mississippi 18 Louisiana 19 Tennessee 20 Maryland 21 Oklahoma 22 Alaska 23 Kansas 24 Missouri 25 Arkansas 26 Washington
J. D. Pendry
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