Tom Borelli - Charles Payne - Obama Places Major Lump in Coal Industry

"When I was asked earlier about the issue of coal…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 gasses, coal power plants, natural gas…you name it…whatever the plants were, whatever the industry was, they would have to retro-fit their operations."
Barack Obama 2008

36% of Electricity in the United States is produced by Coal.

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