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The EPA announces new environmental regulations that will affect almost every coal fired -- -- plant in the country.
I joined the company now as -- rally with a national side of the public.
-- -- -- -- The EPA imposes brand new Green -- emissions standards on coal power plants to be built in the future right.
Boss it does not impose those standards on plans already in existence correct.
Correct that for the impact of these new regs from the EPA will be somewhat limited.
Well if the mid with respect -- who I mean you have to go back and look at -- Obama when he was running for president.
Remember he promised to make electricity prices skyrocket.
Under his cap and trade plan.
And if utilities -- to to use coal.
They would be bankrupt because they couldn't use.
Carbon -- we can't I could not pleased that he tried cap and trade -- people killed it through the legislative.
But now he's doing it through the EPA.
This hate the CPA statement -- the CPA is that climate -- -- the last of three the first two.
Cross state air pollution rule and utility -- rule already leading to -- closure of 57.
Coal fired power plants.
And a reduction of something like 25 -- watts of electricity.
Obama has a war on coal he's not letting up and it's gonna harm the economy.
And the American PO he's bankrupt the -- and so he has one in fact I'm absolutely coal has been.
-- you're not gonna see another.
Newly built coal fired power plant in America you'd say that's absolutely that's is game plan -- -- but but.
But the ongoing that this but would would natural gas coming down some and there's usually make this almost a move pointed that right now well we don't know really because you have existing power plants is is the cost of transition.
Let's not forget this is another man think this is committed to control.
Thou shall not use coal dependent regardless what the free market sets -- -- signed -- -- existing power plants that now use coal.
They will be forced to retrofit and go to natural gas not -- for the other climate -- some are closing because of the good because of the other EPA regs.
Without the -- new climate rule only affects that newly constructed.
Plants out in the future so bottom line no future for coal in new power plants and -- electricity prices go up necessarily so.
Rocket -- -- -- -- -- double digit annual Saudi Arabia cold by the way and we have so much coal in this country once again we're choking off an energy resource that we have here at home.
Into doubt I would say -- is clean coal an oxymoron and can they really make the point I don't know what the bid does want cabinet that is that is new right you can bury this CO2 with with the new full.
Power plant but those have yet -- been you know.
So -- -- really doing is it's command and control he's trying to push to his renewable energy friends let's not forget.
-- is this the Green energy and coal used to provide up to 50% of electricity because these regulations is now down to about 40%.
Cut and states -- indeed be devastated will be eleven get coal fire plants -- closed in Ohio.
Eleven close in Ohio for sure that's not done unless you know it's not it to the National Mining Association they have a list of 57 plants that will be closing because of the two other Roca real fast no vote on this this is EPA -- CPA man that's right around the around American people know whether it be paying for OK he's out of bankrupt -- Democrat right right right yeah -- -- -- the next time the president declares war and industry short.
That not oil well why doesn't really declared quote complete or I think -- -- -- that partial partial.
-- -- -- very good we appreciate bank with a some thank -- --