Democratic presidential candidate Hillary Clinton and Democratic speaks at the Ohio Democratic Party Legacy Dinner at the Greater Columbus Convention Center in Columbus, Ohio, Sunday, March 13, 2016. (AP Photo/Carolyn Kaster)
Well, it’s pretty clear that the coal industry got a potentially valuable soundbite last evening from Democratic presidential candidate Hillary Clinton. Secretary Clinton was asked to “make the case to poor whites who vote Republican why they should vote for you and your economic policies” and in offering one example, Secretary Clinton explained:
I’m the only candidate which has a policy about how to bring economic opportunity using clean, renewable energy as the key, into coal country. Because we’re going to put a lot of coal miners and coal companies out of business. And we’re going to make it clear that we don’t want to forget those people.
Those people labored in those mines for generations, losing their health, often losing their lives to turn on our lights and power our factories. Now we’ve got to move away from coal and all of the other fossil fuels. But I don’t want to move away from the people who did the best they could to produce the energy that we relied on.
As my friend Jim Bruggers at the Courier-Journal in Louisville points out, part of Secretary Clinton’s comment — “…We’re going to put a lot of coal miners and coal companies out of business” — sounds a lot like then-candidate Barack Obama’s remark in 2008 about how he would “bankrupt the coal industry“. Of course, the industry and its Republican friends have continued for years to take now-President Obama’s comments out of context. As I wrote during the 2008 campaign:
During a Jan. 17 interview with the Chronicle’s editorial board, an editorial writer noted that Obama co-sponsored a bill to encourage turning coal into liquid fuel for vehicles, an approach energy experts warn would likely create more greenhouse emissions than traditional gasoline. The editorial writer asked Obama how he squared his support for coal with the need to do something about climate change.
Obama responded that the country needs to “figure out how we can use coal without emitting greenhouse gases and carbon,” and that he believes a “cap-and-trade” emissions program is the best way to do that.
Such a program would put an overall ceiling on greenhouse gas emissions. Companies would need “allowances” from regulators for every ton of carbon dioxide their facilities pump into the atmosphere. Companies could reduce their emissions to meet the caps. Or they could buy or trade for “allowances” to keep using older facilities.
“That would create a market in which whatever technologies are out there being presented, whatever power plants are being built, they would have to meet the rigors of that market, and the ratcheted down caps that are imposed every year,” Obama told Chronicle editors. “So if somebody wants to build a coal power plant, they can, it’s just that it would bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.”