Barack Obama actually flat out told the San Francisco Chronicle (SF Gate) that he was willing to see the coal industry go bankrupt in a January 17, 2008 interview.
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.
TCWatch Note: Is Obama bin Biden out of his ever loving mind.
In 2006 coal produced 50% of all electrity in the USUS Department Of Energy ^ </^http://www.energy.gov/energysources/coal.htm>
Coal is one of the true measures of the energy strength of the United States. One quarter of the world's coal reserves are found within the United States, and the energy content of the nation's coal resources exceeds that of all the world's known recoverable oil.
Coal is also the workhorse of the nation's electric power industry, supplying more than half the electricity consumed by Americans.
Coal-fired electric generating plants are the cornerstone of America's central power system. To preserve this economically-vital energy foundation, innovative, low-cost environmental compliance technologies and efficiency-boosting innovations are being developed by the Energy Department's Fossil Energy research program.
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