Obama's plan would "bankrupt" coal plants, by his own admission.

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alphatarget1

Diamond Member
Dec 9, 2001
5,710
0
76
Originally posted by: GenHoth
Originally posted by: Jhhnn
The problem with nuclear is that advocates haven't really addressed the waste issue in a comprehensive way. That has to be done before it'll be politically and environmentally viable. Implementation of walk-away safe designs will also be required.

That's where nuclear proponents need to concentrate their efforts if they're being pragmatic.

Countries are running on 80% Nuclear, (France's number I believe) and you think they haven't solved these yet? The technology is out there, but stupid people are preventing us from building/shipping the required plants/waste.

France's nuke plants faced some problems a few summers ago when the temperature was so hot that their plants couldn't run on full capacity due to cooling issues.

It's really not that simple. Requires lots of planning by engineers/scientists and public input...
 

alphatarget1

Diamond Member
Dec 9, 2001
5,710
0
76
Originally posted by: Jhhnn
The problem with nuclear is that advocates haven't really addressed the waste issue in a comprehensive way. That has to be done before it'll be politically and environmentally viable. Implementation of walk-away safe designs will also be required.

That's where nuclear proponents need to concentrate their efforts if they're being pragmatic.

We don't need another shortsighted deal like cutting taxes w/o cutting spending...

Two words: Yucca Mountain. It's already built but a$$hole Reid wants to kill it (Fvck Nevada, what a worthless piece of sh!t state). We spent so much money there, why can't we at least move it there temporarily?

Meanwhile nuclear waste is still just stored in the open.
 

MovingTarget

Diamond Member
Jun 22, 2003
9,002
115
106
Originally posted by: alphatarget1
Originally posted by: MovingTarget
I'm willing to give Obama the benefit of the doubt on anything.

Fixed.

Because he's the messiah, right? :roll:

No matter what his influence as a politician, he can't avoid reality. He doesn't have the power to kill off coal as a major souce of power generation. He wouldn't have the power as POTUS. Even a 100% Democratic congress couldn't wouldn't do this simply because of the realities of the demand for our electric infrastructure. Just because I give him benefit of the doubt here doesn't mean that I don't take what he says with a proper teaspoon of salt. Not all of us are partisan hacks.
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: Jhhnn
From the linked interview-

The only thing I've said with respect to coal, I haven't been some coal booster. What I have said is that for us to take coal off the table as a (sic) ideological matter as opposed to saying if technology allows us to use coal in a clean way, we should pursue it.

I'll admit Obama wasn't really very clear- his reference was to conventional coal burning technology vs the clean coal technology being developed today. Coal has to be able to compete on the same environnmental field as other forms of energy if it's to survive, and I'm confident that it will.

Actually he was very clear. He was talking carbon credits. A new or old plant, there is not much way around carbon emissions. This coupled with his lack of interest on nuclear power is quite disturbing...
 

Mill

Lifer
Oct 10, 1999
28,558
3
81
Originally posted by: Skoorb
Just to get it out of the way, I want him to win, but these kinds of things are really bad to be on the record for:

link
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 emitted would be charged to the polluter.
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.

Surprised that tonight is the first I've heard of this, especially with Biden touting clean coal.

I can't believe you are buying into something from Newsbusters.

First off, read the SF Chronicle's rebuttal:

http://www.sfgate.com/cgi-bin/...-lies_half_truth_2.DTL

Secondly, I am sure you are smart enough to understand the cap and trade system. If you listen to the full interview Obama speaks of how the cap and trade system would prevent the construction of new coal plants that didn't use new technology to "clean/sweep" the air before it was released. Simply put, if companies want to build a new coal plant they have to buy offsets for the pollution they will create. They can either invest in technology (which exists now and that Alabama Power was recently forced to use) or they will be forced to buy massive amounts of carbon credits which would be very expensive.

It is classic "sin tax" so to speak. If they pollute they will pay the price. If they invest in technology then they will only have to buy a small amount of carbon credits. They Economist has had a running discussion of carbon credits and cap/trade systems for sometime now.
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: Mill
Originally posted by: Skoorb
Just to get it out of the way, I want him to win, but these kinds of things are really bad to be on the record for:

link
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 emitted would be charged to the polluter.
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.

Surprised that tonight is the first I've heard of this, especially with Biden touting clean coal.

I can't believe you are buying into something from Newsbusters.

First off, read the SF Chronicle's rebuttal:

http://www.sfgate.com/cgi-bin/...-lies_half_truth_2.DTL

Secondly, I am sure you are smart enough to understand the cap and trade system. If you listen to the full interview Obama speaks of how the cap and trade system would prevent the construction of new coal plants that didn't use new technology to "clean/sweep" the air before it was released. Simply put, if companies want to build a new coal plant they have to buy offsets for the pollution they will create. They can either invest in technology (which exists now and that Alabama Power was recently forced to use) or they will be forced to buy massive amounts of carbon credits which would be very expensive.

It is classic "sin tax" so to speak. If they pollute they will pay the price. If they invest in technology then they will only have to buy a small amount of carbon credits. They Economist has had a running discussion of carbon credits and cap/trade systems for sometime now.

Yes but a carbon tax is a carbon tax. And with 50% of our power currently coming from coal, this is going to be crushing for everyone as those carbon credits costs are going to get passed down to the consumer....
 

Stoneburner

Diamond Member
May 29, 2003
3,491
0
76
Originally posted by: Butterbean
Obama will stop the economy dead in its tracks. The idea this guy is brilliant is the scam of the election (after ACORN)

WIthout even getting elected!

 

LittleNemoNES

Diamond Member
Oct 7, 2005
4,142
0
0
I clicked on the sfgate.com link thinking that the audio tape was fabricated. Instead it went off about how the tape was in the public domain since a long time ago.
I back Barack for POTUS but he needs to explain WTF he means with these comments.

It's not true. But the Drudge Report, the Republican National Committee and apparently even GOP VP candidate Alaska Gov. Sarah Palin fell for completely fabricated news from a shady website called Newsbusters today suggesting the San Francisco Chronicle has ''hidden'' audio with Sen. Barack Obama regarding his statements on coal.

Folks aren't concerned about if it was hidden or not -- the comments are the story.
 

Duddy

Diamond Member
Jul 22, 2002
4,677
15
81
Originally posted by: jpeyton
Stops polluters dead in their tracks.

I like it.

Clean coal plants shouldn't have this issue.

Yeah, I think it's genius!

Thank the Lord for Barack!!!
 

Mill

Lifer
Oct 10, 1999
28,558
3
81
Originally posted by: charrison
Originally posted by: Mill
Originally posted by: Skoorb
Just to get it out of the way, I want him to win, but these kinds of things are really bad to be on the record for:

link
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 emitted would be charged to the polluter.
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.

Surprised that tonight is the first I've heard of this, especially with Biden touting clean coal.

I can't believe you are buying into something from Newsbusters.

First off, read the SF Chronicle's rebuttal:

http://www.sfgate.com/cgi-bin/...-lies_half_truth_2.DTL

Secondly, I am sure you are smart enough to understand the cap and trade system. If you listen to the full interview Obama speaks of how the cap and trade system would prevent the construction of new coal plants that didn't use new technology to "clean/sweep" the air before it was released. Simply put, if companies want to build a new coal plant they have to buy offsets for the pollution they will create. They can either invest in technology (which exists now and that Alabama Power was recently forced to use) or they will be forced to buy massive amounts of carbon credits which would be very expensive.

It is classic "sin tax" so to speak. If they pollute they will pay the price. If they invest in technology then they will only have to buy a small amount of carbon credits. They Economist has had a running discussion of carbon credits and cap/trade systems for sometime now.

Yes but a carbon tax is a carbon tax. And with 50% of our power currently coming from coal, this is going to be crushing for everyone as those carbon credits costs are going to get passed down to the consumer....

And again... this is nothing new. Obama's position on a cap and trade system has been known for a long time. The fact the he pointed out that companies must invest in technology to avoid having to purchase new credits is nothing special. Pretty sure that his plan allows for current companies to pay a reduced price if not be exempt much like the flawed EU system.

I never said carbon taxes were the perfect solution -- I am just pointing out that it is not a new idea. Furthermore, this is hardly a "surprise" or a cover-up up as Drudge and others were alleging.

Companies won't move away from coal until they have an incentive to do so. Making them buy more pollution control equipment is a good thing. Encouraging the construction of nuclear, wind, solar, hydroelectric or other forms of alternative energy is a good thing. There is no silver bullet to get us away from coal and oil. We have to have a steady approach that gives incentives for companies to invest in technology that is renewable, reliable, and clean.

I don't want coal companies going bankrupt and neither does Obama. He was simply pointing out that a cap and trade system discourage the new construction of coal plants that use old and inefficient technology. Those that employ new technology using scrubbers and other pollution control equipment will not only pay less of a carbon tax but they will give us cleaner air.
 

fskimospy

Elite Member
Mar 10, 2006
88,154
55,703
136
Originally posted by: Mill

And again... this is nothing new. Obama's position on a cap and trade system has been known for a long time. The fact the he pointed out that companies must invest in technology to avoid having to purchase new credits is nothing special. Pretty sure that his plan allows for current companies to pay a reduced price if not be exempt much like the flawed EU system.

I never said carbon taxes were the perfect solution -- I am just pointing out that it is not a new idea. Furthermore, this is hardly a "surprise" or a cover-up up as Drudge and others were alleging.

Companies won't move away from coal until they have an incentive to do so. Making them buy more pollution control equipment is a good thing. Encouraging the construction of nuclear, wind, solar, hydroelectric or other forms of alternative energy is a good thing. There is no silver bullet to get us away from coal and oil. We have to have a steady approach that gives incentives for companies to invest in technology that is renewable, reliable, and clean.

I don't want coal companies going bankrupt and neither does Obama. He was simply pointing out that a cap and trade system discourage the new construction of coal plants that use old and inefficient technology. Those that employ new technology using scrubbers and other pollution control equipment will not only pay less of a carbon tax but they will give us cleaner air.

Hey, thanks for a well thought out and rational post.
 

miketheidiot

Lifer
Sep 3, 2004
11,060
1
0
Originally posted by: charrison
Originally posted by: Mill
Originally posted by: Skoorb
Just to get it out of the way, I want him to win, but these kinds of things are really bad to be on the record for:

link
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 emitted would be charged to the polluter.
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.

Surprised that tonight is the first I've heard of this, especially with Biden touting clean coal.

I can't believe you are buying into something from Newsbusters.

First off, read the SF Chronicle's rebuttal:

http://www.sfgate.com/cgi-bin/...-lies_half_truth_2.DTL

Secondly, I am sure you are smart enough to understand the cap and trade system. If you listen to the full interview Obama speaks of how the cap and trade system would prevent the construction of new coal plants that didn't use new technology to "clean/sweep" the air before it was released. Simply put, if companies want to build a new coal plant they have to buy offsets for the pollution they will create. They can either invest in technology (which exists now and that Alabama Power was recently forced to use) or they will be forced to buy massive amounts of carbon credits which would be very expensive.

It is classic "sin tax" so to speak. If they pollute they will pay the price. If they invest in technology then they will only have to buy a small amount of carbon credits. They Economist has had a running discussion of carbon credits and cap/trade systems for sometime now.

Yes but a carbon tax is a carbon tax. And with 50% of our power currently coming from coal, this is going to be crushing for everyone as those carbon credits costs are going to get passed down to the consumer....

i think we will discover that carbon credits will not be as expensive as people would expect.
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: Mill
Originally posted by: charrison
Originally posted by: Mill
Originally posted by: Skoorb
Just to get it out of the way, I want him to win, but these kinds of things are really bad to be on the record for:

link
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 emitted would be charged to the polluter.
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.

Surprised that tonight is the first I've heard of this, especially with Biden touting clean coal.

I can't believe you are buying into something from Newsbusters.

First off, read the SF Chronicle's rebuttal:

http://www.sfgate.com/cgi-bin/...-lies_half_truth_2.DTL

Secondly, I am sure you are smart enough to understand the cap and trade system. If you listen to the full interview Obama speaks of how the cap and trade system would prevent the construction of new coal plants that didn't use new technology to "clean/sweep" the air before it was released. Simply put, if companies want to build a new coal plant they have to buy offsets for the pollution they will create. They can either invest in technology (which exists now and that Alabama Power was recently forced to use) or they will be forced to buy massive amounts of carbon credits which would be very expensive.

It is classic "sin tax" so to speak. If they pollute they will pay the price. If they invest in technology then they will only have to buy a small amount of carbon credits. They Economist has had a running discussion of carbon credits and cap/trade systems for sometime now.

Yes but a carbon tax is a carbon tax. And with 50% of our power currently coming from coal, this is going to be crushing for everyone as those carbon credits costs are going to get passed down to the consumer....

And again... this is nothing new. Obama's position on a cap and trade system has been known for a long time. The fact the he pointed out that companies must invest in technology to avoid having to purchase new credits is nothing special. Pretty sure that his plan allows for current companies to pay a reduced price if not be exempt much like the flawed EU system.

I never said carbon taxes were the perfect solution -- I am just pointing out that it is not a new idea. Furthermore, this is hardly a "surprise" or a cover-up up as Drudge and others were alleging.

Companies won't move away from coal until they have an incentive to do so. Making them buy more pollution control equipment is a good thing. Encouraging the construction of nuclear, wind, solar, hydroelectric or other forms of alternative energy is a good thing. There is no silver bullet to get us away from coal and oil. We have to have a steady approach that gives incentives for companies to invest in technology that is renewable, reliable, and clean.

I don't want coal companies going bankrupt and neither does Obama. He was simply pointing out that a cap and trade system discourage the new construction of coal plants that use old and inefficient technology. Those that employ new technology using scrubbers and other pollution control equipment will not only pay less of a carbon tax but they will give us cleaner air.


I generally agree cap and trade is an effective tool for controlling emissions. However, he said he would bankrupt the industry. This state would be less concerning if he was less anti nuclear power. But it appears he is against that too as he is only willing to look at it and only will say that when he has to say something on that subject.

Right now coal provides 50% of our power and I will guess that most are not going to lend themselves to capture carbon.
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: miketheidiot
Originally posted by: charrison
Originally posted by: Mill
Originally posted by: Skoorb
Just to get it out of the way, I want him to win, but these kinds of things are really bad to be on the record for:

link
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 emitted would be charged to the polluter.
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.

Surprised that tonight is the first I've heard of this, especially with Biden touting clean coal.

I can't believe you are buying into something from Newsbusters.

First off, read the SF Chronicle's rebuttal:

http://www.sfgate.com/cgi-bin/...-lies_half_truth_2.DTL

Secondly, I am sure you are smart enough to understand the cap and trade system. If you listen to the full interview Obama speaks of how the cap and trade system would prevent the construction of new coal plants that didn't use new technology to "clean/sweep" the air before it was released. Simply put, if companies want to build a new coal plant they have to buy offsets for the pollution they will create. They can either invest in technology (which exists now and that Alabama Power was recently forced to use) or they will be forced to buy massive amounts of carbon credits which would be very expensive.

It is classic "sin tax" so to speak. If they pollute they will pay the price. If they invest in technology then they will only have to buy a small amount of carbon credits. They Economist has had a running discussion of carbon credits and cap/trade systems for sometime now.

Yes but a carbon tax is a carbon tax. And with 50% of our power currently coming from coal, this is going to be crushing for everyone as those carbon credits costs are going to get passed down to the consumer....

i think we will discover that carbon credits will not be as expensive as people would expect.


I think we are going to find they are going to be quite expensive as there is currently now cheap way to capture and alternatives are not cheap either. And if the goal is bankrupt i dont see them being cheap either...
 

RY62

Senior member
Mar 13, 2005
891
153
106
Originally posted by: Young Grasshopper
There goes Pennsylvania

Top coal-producing states

State 2005 production (short tons)
Wyoming 404,319
West Virginia 153,650
Kentucky 119,734
Pennsylvania 67,494
Texas 45,939
Montana 40,354
Colorado 38,510
Indiana 34,457
Illinois 32,014
North Dakota 29,956
Virginia 27,743

 

frostedflakes

Diamond Member
Mar 1, 2005
7,925
1
81
He never said he wanted to bankrupt the coal industry, that's just how Drudge and others have spun it. This is all he said.

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.
Taking his words at face value, all this means is he wants to discourage the building of new, unclean coal. I'm also sure he will encourage current coal to improve their emissions, but not to the point of them shutting down. I haven't bothered reading the whole interview, but I wouldn't be surprised if he addressed grandfathering in existing plants. Of course, including that would've made this a non-story.
 

uclaLabrat

Diamond Member
Aug 2, 2007
5,632
3,046
136
Originally posted by: jpeyton
Stops polluters dead in their tracks.

I like it.

Clean coal plants shouldn't have this issue.

How would clean coal stop this issue? I'm a little confused then on what clean coal entails. I'm pretty sure it means low sulfur grade coal, which would minimize acid rain. Anyone telling you that clean coal will reduce the CO2 output of said plant needs to take a chemistry class.
 

Dari

Lifer
Oct 25, 2002
17,133
38
91
Originally posted by: charrison
Originally posted by: Jhhnn
From the linked interview-

The only thing I've said with respect to coal, I haven't been some coal booster. What I have said is that for us to take coal off the table as a (sic) ideological matter as opposed to saying if technology allows us to use coal in a clean way, we should pursue it.

I'll admit Obama wasn't really very clear- his reference was to conventional coal burning technology vs the clean coal technology being developed today. Coal has to be able to compete on the same environnmental field as other forms of energy if it's to survive, and I'm confident that it will.

Actually he was very clear. He was talking carbon credits. A new or old plant, there is not much way around carbon emissions. This coupled with his lack of interest on nuclear power is quite disturbing...

link


?The point Obama is making is that we need to transition from coal burning power plants built with old technology to plants built with advanced technologies--and that is exactly the action that will be incentivized under a cap and trade program,? the spokesperson said. ?We know that additional work is necessary to develop and deploy these technologies. That is why Obama has argued for a robust funding program for carbon capture and sequestration. It?s strikingly similar to what McCain has said (in fact McCain goes a step further saying he wants to transition completely away from coal).?
 

OneOfTheseDays

Diamond Member
Jan 15, 2000
7,052
0
0
Can someone explain to me what is wrong in wanting companies who produce NEW coal plants to abide by stricter pollution regulations? Especially if the cost difference is not significant.
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: Dari
Originally posted by: charrison
Originally posted by: Jhhnn
From the linked interview-

The only thing I've said with respect to coal, I haven't been some coal booster. What I have said is that for us to take coal off the table as a (sic) ideological matter as opposed to saying if technology allows us to use coal in a clean way, we should pursue it.

I'll admit Obama wasn't really very clear- his reference was to conventional coal burning technology vs the clean coal technology being developed today. Coal has to be able to compete on the same environnmental field as other forms of energy if it's to survive, and I'm confident that it will.

Actually he was very clear. He was talking carbon credits. A new or old plant, there is not much way around carbon emissions. This coupled with his lack of interest on nuclear power is quite disturbing...

link


?The point Obama is making is that we need to transition from coal burning power plants built with old technology to plants built with advanced technologies--and that is exactly the action that will be incentivized under a cap and trade program,? the spokesperson said. ?We know that additional work is necessary to develop and deploy these technologies. That is why Obama has argued for a robust funding program for carbon capture and sequestration. It?s strikingly similar to what McCain has said (in fact McCain goes a step further saying he wants to transition completely away from coal).?


There is big difference between funding of research for clean coal, transitioning away from coal and bankrupting an industry. And if we are to transition away from coal, we need nuclear and lots of it.
 

Dari

Lifer
Oct 25, 2002
17,133
38
91
Originally posted by: charrison
Originally posted by: Dari
Originally posted by: charrison
Originally posted by: Jhhnn
From the linked interview-

The only thing I've said with respect to coal, I haven't been some coal booster. What I have said is that for us to take coal off the table as a (sic) ideological matter as opposed to saying if technology allows us to use coal in a clean way, we should pursue it.

I'll admit Obama wasn't really very clear- his reference was to conventional coal burning technology vs the clean coal technology being developed today. Coal has to be able to compete on the same environnmental field as other forms of energy if it's to survive, and I'm confident that it will.

Actually he was very clear. He was talking carbon credits. A new or old plant, there is not much way around carbon emissions. This coupled with his lack of interest on nuclear power is quite disturbing...

link


?The point Obama is making is that we need to transition from coal burning power plants built with old technology to plants built with advanced technologies--and that is exactly the action that will be incentivized under a cap and trade program,? the spokesperson said. ?We know that additional work is necessary to develop and deploy these technologies. That is why Obama has argued for a robust funding program for carbon capture and sequestration. It?s strikingly similar to what McCain has said (in fact McCain goes a step further saying he wants to transition completely away from coal).?


There is big difference between funding of research for clean coal, transitioning away from coal and bankrupting an industry. And if we are to transition away from coal, we need nuclear and lots of it.

Clearly you didn't even listen to the tape. He's talking about new coal plants using old technology, not new plant with new technology.

EDIT: And he also says that coal will always be with us, unlike McCain who wants to get rid of it completely.
 

TallBill

Lifer
Apr 29, 2001
46,017
62
91
Originally posted by: OneOfTheseDays
Can someone explain to me what is wrong in wanting companies who produce NEW coal plants to abide by stricter pollution regulations? Especially if the cost difference is not significant.

Nothing, but it kind of hoses companies that are legally operating right now.