Patriot Coal and the U.S. Coal Mining Industry, The Cost of EPA Regulations

Obama Energy Policies Are Working: Patriot Coal Goes Bankrupt

By Institute for Energy Research —— Bio and Archives--July 17, 2012

Global Warming-Energy-Environment | Comments | Back To Full Article

In 2008, Barack Obama explained his energy policy: "Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad." He went on to explain, "So, if somebody wants to build a coal plant, they can -- it's just that it will bankrupt them."

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