Obama – build coal power plant and you’ll be bankrupted.
“Barack Obama to the San Francisco in a January 17, 2008 interview:
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.
That will also generate billions of dollars that we can invest in solar, wind, biodiesel and other alternative energy approaches.”
Now, I’m all for alternative energy increasing; but obama doesn’t get it that coal currently accounts for almost 50% of US energy. He also doesn’t seem to get that alternative energies currently account for less than 5% of energy and the timeline for alternatives is not 2 years or even 4 years. The timeline for alternatives making a dent in coal and oil resources is almost a decade. The US learned this summer that it needed an immediate solution is oil and coal.
He also doesn’t seem to get that decreasing coal production in the US, where the US has a coal resource greater than any other country; hurts the US economy, jobs and on and on.
So, the US is going to trade coal companies and their employees, currently half the US energy resource; for alternatives that have not been proven to be more efficient as in corn ethanol versus gas and alternatives like solar that have been halted by environmentalist like in nevada ? Good job obama. You’re throwing companies, people’s wallets and the economy in the toilet.
The real obama has shown up again, do we really want to get him the keys to the country ?