Barack Obama to Announce New Attacks on the Coal Industry Today
In January 2008 Barack Obama told the San Francisco Chronicle:
“Under my plan of a cap and trade system electricity rates would necessarily skyrocket. Businesses would have to retrofit their operations. That will cost money. They will pass that cost onto consumers.”
He promised that his plan would cause electricity rates to skyrocket.
He wasn’t kidding.
Obama will announce new attacks on the coal industry today.
The Washington Free Beacon reported:
As President Barack Obama prepares to roll out a new plan to combat climate change by imposing new regulatory burdens on coal power plants, one White House climate adviser says the effort is explicitly aimed at attacking the coal industry.
“A war on coal is exactly what’s needed,” Daniel P. Schrag, director of the Harvard University Center for the Environment and a climate adviser to the White House, told the New York Times on Tuesday.