Biden's Radical Nominee Takes Another Hit From Law Enforcement
Woman Records Very Creepy Visit by the FBI
Joe Biden Is Hitting His Political 'Life Alert' Button With This 2024 Move
South Carolina's Mysterious Bank Account That Has Over $1 Billion in It
Occupied Gaza
Biden Administration Locking Up Public Lands from West to East
Baltimore Mayor Raises Eyebrows Over What He Claims Is His 'Purpose in Life'
Only Democrats Get to Lie on NBC News
Donald Trump: The Non-PC Candidate
Ronald Reagan: The Man Who Cut Taxes From 70 to 28 Percent
Republicans Thwart Democrat Scheme to Raise Gas Prices
The Future Looks...Old?
Not Exactly Something Normal
Senate Judiciary Committee Should Prioritize Main Street Over Wall Street with Free Market...
Some Unpleasant Truths About Islam and the West
Tipsheet

Obama Will Bankrupt Coal

Barack Obama has tried to pretend that he's a friend to clean coal, but now this San Francisco Chronicle interview resurfaces courtesy of our friends at Newsbusters.
Advertisement


Go ahead, build new coal plants he says. He'll just bankrupt them later through the tax code.

OBAMA: 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.

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement