"I Will Bankrupt Them"

[Mike]

China has several coal powered generators going online every week.

Buckwheat:

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.

The only thing I've said with respect to coal, I haven't been some coal booster. What I have said is that for us to take coal off the table as a (sic) ideological matter as opposed to saying if technology allows us to use coal in a clean way, we should pursue it.

So if somebody wants to build a coal-powered plant, they can.
It's just that it will bankrupt them.

Read more: http://newsbusters.org/blogs/p-j-gladnick/2008/11/02/hidden-audio-obama-tells-sf-chronicle-he-will-bankrupt-coal-industry#ixzz1n8eWCZOl

 

[Larrry]

obama just loves it when a plan comes together.

 

[Steve]

and the ratcheted down caps that are being placed, imposed every year.

the uncertainty of the Obama regulations has caused our energy cost to skyrocket..

each year a plant is delayed causes increase in planning/construction and other costs passed directly to the consumer..

the net effect is depending on older (less clean) plants.. operating past the end of their life cycle.. costing more in maintenance, upgrades.. and fuel consumption..

and sadly since it is a "global warming/climate issue" we could sink our economy into the toilet and China will still burn coal..

which means not only do they have access to cheaper labor, but cheaper energy costs.. cutting into our cleaner manufacturing base as well..

so if you want cleaner air.. reduce the uncertainty , and come out with commonsense regulations that will not change as soon as the ink dries..