On Tuesday at a governors' conference, Mr. Obama reiterated his intent to cap emissions of greenhouse gases and allow companies to trade permits to emit pollutants like carbon dioxide. Those policies foresee $15 billion a year going to alternative energy sources and nuclear power, while pushing the price of coal up substantially, by forcing coal-fired utilities to purchase the right to burn it.
Candidate Obama said that under his policies, "If somebody wants to build a coal plant, they can -- it's just that it will bankrupt them, because they are going to be charged a huge sum for all that greenhouse gas that's being emitted."
Showing posts with label Obama. Show all posts
Showing posts with label Obama. Show all posts
Wednesday, November 19, 2008
Obama & Climate Change
Mr. Obama, in a video for a climate-change summit Tuesday, pledged to pursue energy policies that would reduce greenhouse emissions to 1990 levels by 2020 and reduce them an additional 80% by 2050.
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