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Title: OBAMA TELLS SAN FRANCISCO HE WILL BANKRUPT THE COAL INDUSTRY
Source: SF Chronicle
URL Source: http://www.youtube.com/watch?v=Hdi4onAQBWQ
Published: Nov 2, 2008
Author: Obama
Post Date: 2008-11-02 12:17:41 by Horse
Keywords: None
Views: 514
Comments: 28

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#28. To: all (#0)

Barack Obama, in S.F., takes on the Clintons

Sen. Barack Obama fielded questions on a variety of topics in a meeting with
The Chronicle's editorial board
Thursday, Jan. 17 at the St. Francis Hotel.
Duration: 53 min.
File size: 336 MB
Camera: Frederic Larson, Chronicle Staff

http://www.brightcove.tv/title.jsp?title=1381682549

52m:04s

Coal addressed from 25:15 to 29:00

- - - - -

[Youtube extract in bold]

Q. Senator, you introduced a bill promoting coal production for fuels and then you said you'd only support them if they emitted fewer greenhouse gases than gasoline. Now, all the scientific evidence points to coal being dirtier than pretty much anything else. So how are you going to square your support for coal with the need to fight global warming?

OBAMA:

I've already done it. You know, I voted against the Clear Skies Bill. In fact I was the deciding vote. Despite the fact that I'm a coal state, and that half of my state thought I'd thoroughly betrayed them because I think clean air is critical and global warming is critical. But this notion of no coal I think is an illusion because the fact of the matter is that right now we are getting a lot of our energy from coal and China is building a coal powered plant once a week. So what we've got to do then is figure out how we can use coal without emitting greenhouse gases and carbon. And how can we sequester that carbon and capture it. If we can't, then we're gonna still be working on alternatives, but...

QUESTIONER: Alternatives including coal, or alternatives...

OBAMA: Let me sort of describe my overall policy. What I've said is that we would put a cap and trade system in place that is more, that is as aggressive, if not more aggressive, than anybody else's out there. I was the first to call for a 100% 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 are being presented, whatever power plants that are being built, that they would have to meet the rigors of that market and the racheted 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. The only thing that I've said, with respect to coal, I haven't been a coal booster, what I have said is that for us to take coal off the table as a ideological matter as opposed to saying if technogy allows us to use coal in a clean way, we should pursue it. That I think is the right approach. The same with respect to nuclear. Right now, we don't know how to store nuclear waste wisely, and we don't know how to deal with some of the safety issues that remain, and so it's wildly expensive to pursue nuclear energy. I tell you what, if we could figure out how to store it safely, then I think most of us would say that might be a pretty good deal. The point is if we set rigorous standards for the allowable emissions, then we can allow the market to determine and technology and entrepreneurs to pursue what's the best approach to take, as opposed to us saying at the outset, here are the winners that we're picking, and maybe we pick wrong and maybe we pick right.

nolu_chan  posted on  2008-11-03   5:37:38 ET  Reply   Untrace   Trace   Private Reply  

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