The U.S. coal industry was up in arms today over a comment Sen.
Barack Obama (D-Ill.) made about the future of coal, and it became one of the last-minute issues in an effort to swing votes in coal-producing regions of the Midwest.
The Western Business Roundtable, the National Mining Association and various other groups criticized Obama for a comment he made in an interview with the San Francisco Chronicle. They quoted the interview at some length, in which Obama discusses his support for a cap-and-trade bill that would force all emitters of greenhouse gases to buy allowances in a public auction. This is a plan that has very widespread support among Democrats, some Republicans (including Sen. John McCain, who co-sponsored two cap-and-trade bills) and many utilities (especially those with more nuclear than greenhouse gas-emitting coal plants).
Here's the key line from Obama: "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."