Obama Promise Kept: Coal Plants to go Bankrupt with New EPA Carbon Cap
Obama Promise Kept: Coal Plants to go Bankrupt with New EPA Carbon Cap
Enviro-Whack jobs are celebrating the demise of America‘s most abundant energy resource, coal. Because coal has just been given the death sentence by Obama and the EPA.
"If old King Coal isn't dead already, he's certainly teetering toward life support," said Frank O'Donnell, president Clean Air Watch in Washington.
The EPA has issued new proposed rules on carbon emissions that will help Obama keep one campaign promise: Builders of new coal fired power plants won’t be prevented from building coal-fired power plants, they’ll just go bankrupt if they try.
“Proposed emission rules for new power plants unveiled by the U.S. Environmental Protection Agency (EPA) on March 27 spell the gradual demise of coal-fired power generation and entrench the current cost advantage for natural gas,” reports Reuters’ John Kemp.
Read More:
http://finance.townhall.com/columnis...epa_carbon_cap
”The trouble with socialism is that you eventually run out of other people's money.” - Margaret Thatcher
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