Cap and Trade: They Said It
Policymakers Honest About One Thing--This Bill Will Cost a Whole Lot
By Institute for Energy Research —— Bio and Archives--May 18, 2009
Global Warming-Energy-Environment | Comments | Back To Full Article
PRESIDENT BARACK OBAMA: "Under my plan of a cap and trade system, electricity prices would necessarily skyrocket. . . . Because I'm capping greenhouse gases, coal power plants, natural gas--you name it--whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers." -- January, 2008
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