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| 11/4/2008 |
Obama coal tax plan concerns industry leaders Barack Obama's plan to impose stiff taxes on those who build coal-fired power plants is not being well received by some local industry leaders. Rob Murray, vice president of business development and external affairs for Murray Energy Corp., sees job losses and higher energy costs as potential results of such a plan. His firm operates the Ohio Valley Coal Co., the American Energy Corp. and Ohio American Energy in Ohio. In an interview almost a year ago with a San Francisco newspaper, Democratic presidential nominee Obama suggested stiff taxes on those who build coal-fired plants. His words, from an interview with the San Francisco Chronicle, came to light over the weekend just days before today's general election. "So if somebody wants to build a coal-powered plant, they can," Obama said in the interview. "It's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted." In a prepared statement, the Obama campaign said Obama's quote regarding the taxing of coal emissions was taken "wildly out of context," adding that elsewhere in the interview, Obama calls the idea of banning coal burning "an illusion." Melissa McHenry, spokeswoman for American Electric Power, said AEP was aware that both Obama and his challenger, Republican John McCain, support climate change legislation. "We know that whoever is elected, he is going to have to balance the economy with reducing emissions," she said. "Coal is going to have to continue to be part of the energy mix. It accounts for more than 50 percent of electricity generated in the U.S." She acknowledged that AEP has supported climate change legislation but with "reasonable reductions and a reasonable time frame." (Herald Star) | |||
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keywords: American Electric Power, American Energy Corp, Barack Obama, Bob Ney, Carbon Dioxide, China, Coal, Internet, John D Rockefeller IV, John Mccain, Joseph Biden, Middle East, Mike Carey, Murray Energy Corp, Ohio, Ohio American Energy, Ohio Coal Association, Ohio Valley Coal, Penn State University, Rob Murray, Sarah Palin, United States, West Virginia
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