Rising energy costs triggered by Cap and Trade will harm low income workers in inner cities

Obama: “Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket”


WASHINGTON, D.C — “Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket” Barack Obama said on the campaign trail in early 2008, noting that utilities would have to spend huge sums to retrofit their operations and the cost would be passed onto consumers.
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