Obama wants to bankrupt coal companies, page 1
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Topic started on 3-11-2008 @ 06:22 AM by ACEMANN

Obama wants to bankrupt coal companies


blogs.abcnews.com
But ... let me sort of describe my overall policy. What I’ve said is that we would put a cap and trade policy in place that is as aggressive if not more aggressive than anyone out there. I was the first call for 100 percent auction on the cap and trade system. Which means that every unit of carbon or greenhouse gases that was 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 are being built, they would have to meet the rigors of that market and the ratcheted-down caps that are 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. That will also generate billions of dollars that we can invest in solar, wind, biodiesel, and other alternative energy approaches.
(visit the link for the full news article)


reply posted on 3-11-2008 @ 07:20 AM by bloodsearch
reply to post by ACEMANN



I can see your point but he is only suggesting charging energy companies directly for the amount of carbon they release into the atmosphere. So it puts pressure on the energy companies to invest in clean coal technologies. The less carbon they produce the less they pay. Seems like a very clever plan.

The whole idea of job losses may occur in the short term but I can imagine huge amounts of jobs being created in RD for clean sources of energy and in the production of these new technologies. People are going to have to build these electric cars, wind turbines etc.

Seems like a very 'scary' headline for something that isn't that scary. In fact it seems like the best way tackle climate change by encouraging the energy companies to help solve the problem.

Whatever you think about climate change, cutting down pollution, creating jobs and investing in new technologies has got to be a good thing for everyone.


reply posted on 3-11-2008 @ 07:39 AM by thisguyrighthere
reply to post by bloodsearch



I think you're confused as to encouragement and punishment. If you want to encourage cleaner energy you'd be best to offer incentives and tax breaks. If you just go ahead and punish the companies by slamming them with fees the companies will just increase the fee consumers pay, cut wages, drop full-time positions for more part-time positions, etc...

The operating costs and expenses come from revenues. The cost and expense includes fess and taxes paid to lord government.

They could always just close up shop and go to a more business friendly country or not be in business at all and create no product or jobs.

I just realized thats sort of like NCLB. Do better or we'll cut your funding.
Obama will do for business what W did for education. Woot.

[edit on 3-11-2008 by thisguyrighthere]



reply posted on 3-11-2008 @ 09:02 AM by Marcus Calpurnius
Originally posted by detachedindividual
Wow, even more Republican Propaganda.

Notice how there's no dirty fighting from the other side?



You cant be serious? Are you seriously suggesting that the left doesn't attack? Have you ever thought that your view is shaped by a media that is comprised of Obama loving democrats? Do you think they're telling you the truth? If so and there are more like you, we are in serious trouble here in the US.

Also, how in the world is playing Obama's words a "dirty attack"?


That's because one party knows how to act like adults and allow people to think for themselves, and the other try everything they can to warp opinion, including outright lies, misinformation and propaganda.


Now for a dose of reality. The democrats are just as negative and "dirty", except they have a whole powerful media to do the attacking for them. When they do attack, the media covers for them and down plays the nastiness. When a Republican does t, its just the opposite.

I cant believe you really beleive the stuff you're typing.


I'm not even American,



Trust me, its PAINFULLY obvious. The way you present yourself as an authority on US poolitcs, when its clear you have no clue is a dead give away.



Now I really do believe the stories about McCain supporters trying to con people at the voting stations.


This isn't a con, its words straight form the mouth of your messiah. Where is the con?




reply to
post by Oscitate



I believe the bottom line here is that coal companies will be bankrupting themselves.


By jacking up the costs of running such a plant. Which Obama says in this video, he would do.





[edit on 3-11-2008 by Marcus Calpurnius]


reply posted on 3-11-2008 @ 09:10 AM by phinubian
reply to post by Oscitate



Yes that is precisely what I would say, you summed it up dead on! enough said
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