Obama promises he would bankrupt any new coal plants

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Obama promises he would bankrupt any new coal plants

Monday, November 3rd, 2008 | Misc |

Instapundit has a roundup. That sort of thing won’t play well in coal-producing battleground states like Pennsylvania and Virginia.

LATER: It’s even worse than just wanting to bankrupt new coal operations. From the same interview with the San Fran Chronicle, via Ace:

You know, when I was asked earlier about the issue of coal, uh, you know — Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.

Mary Steyn weighs in.