That's the opinion of one person, I've read Obama's energy plan have you?
http://l.barackobama.com/issues/pdf/EnergyFactSheet.pdf/
Develop and Deploy Clean Coal Technology: Coal is our nation’s most abundant energy
source and is a critical component of economic development in China, India and other growing
economies. Obama believes that the imperative to confront climate change requires that we
prevent a new wave of traditional coal facilities in the U.S. and work aggressively to transfer
low-carbon coal technologies around the world. In the U.S. Senate, Obama successfully
increased funding by $200 million for carbon storage in the fiscal year 2008 budget resolution.
As president Obama will significantly increase the resources devoted to the commercialization
and deployment of low carbon coal technologies. Implementing these technologies as soon as
possible is vital to the transition to a clean energy economy and will help other nations
dependent on coal reduce their emissions as well. In addition to addressing new facilities,
Obama will work to ensure that existing coal facilities are retrofitted with carbon capture and
sequestration technology as soon as it is commercially available. Obama will use whatever
policy tools are necessary, including standards that ban new traditional coal facilities, to ensure
that we move quickly to commercialize and deploy low carbon coal technology. Obama’s
stringent cap on carbon will also make it uneconomic to site traditional coal facilities and
discourage the use of existing inefficient coal facilities.
In other words unless they can meet the standards set down they are going out of business. There is no mention of the amont of money to be invested here or elsewhere. McCain is the only one who has publicly stated financing for coal.
From his energy Speech Portsmouth, NH | October 08, 2007:
And we must find a way to stop coal from polluting our atmosphere without pretending that our nation's most abundant energy source will just go away. It won't. It will also require taking steps to ensure that China's coal emissions are curbed as well. Already, some coal pollution from China's dirty plants is making its way to California. That's why we must invest in clean coal technologies that we can use at home and share with the world. Until those technologies are available, I will rely on the carbon cap and whatever tools are necessary to stop new dirty coal plants from being built in America - including a ban on new traditional coal facilities.
