Mayhem Has Engulfed This Distant French Territory
New Video of Scottie Scheffler's Arrest Paints a Very Different Picture
Comedian Takes Aim at San Francisco's Anarchic Tendencies
You Have to Be an Exceptionally Bad President to Lose Silicon Valley
The $400 Pineapple Is Now Sold Out in the US
A University System Just Repealed Its DEI Policy
Chuck Schumer Admits Democrats’ 'Ultimate Goal,' And It's Not Good
Xi Jinping Asks American Tourists to 'Save' China's Failing Economy
Fast Food Is Now Considered a 'Luxury' Item, Thanks to Bidenflation
Video Captures Illegal Immigrants Throwing Rocks, Sand at Border Patrol Agents
Half of UCLA Med School Students Fail Basic Tests Thanks to DEI Push
Liberal Outlet Censors Sen. John Kennedy's Op-Ed On Protecting Women’s Sports Due To...
Look What's Come Back to Haunt Hunter Biden at His Gun Trial
Opposition to U.S. Steel Deal is Misguided and Counterproductive
Red States Could End Up Paying for Blue States’ Climate Policies
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