Obama Advances Plan to “Bankrupt” Coal Industry With New CO2 Limits

Wednesday, March 28, 2012
By Paul Martin

EPA will enforce disastrous measures by dictatorial fiat

Paul Joseph Watson
Prison Planet.com
Tuesday, March 27, 2012

Barack Obama’s 2008 promise to “bankrupt” the coal industry is now coming to fruition with the EPA’s announcement of crippling CO2 emission limits on new plants that will effectively block the building of any new coal plants in the United States, accelerating the move towards total deindustrialization.

“The Obama administration proposed on Tuesday the first ever standards to cut carbon dioxide emissions from new power plants, a move likely to be hotly contested by Republicans and industry in an election year,” reports Reuters.

The enforcement of the new measures, which will force new plants to cut CO2 emissions by 50 per cent and also mandate investment in unaffordable technologies to bury carbon emissions underground, marks the realization of Obama’s 2008 promise to “bankrupt” the coal industry.

During an interview with the San Francisco Chronicle in January 2008 when he was still a Senator, Obama stated, “If somebody wants to build a coal-powered plant, they can, it’s just that it will bankrupt them.”

Since Congress successfully defeated Obama’s disastrous climate bill in 2010, which would have imposed similar measures, the EPA has simply declared CO2, the life-giving gas that plants breathe, to be a deadly poison, and will impose the limits by dictatorial fiat.

The Rest…HERE

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