Obama Plan To "Bankrupt" Clean Coal Would Cost Hundreds of Thousands Of Jobs

The folks at Western Business Roundtable are mad and aren't going to take it anymore.

Denver, CO (Nov. 3, 2008) -- A bipartisan coalition of business leaders is calling on Governors, state legislators and Members of Congress publicly express their opposition before tomorrow's election to proposals to "bankrupt" the U.S. coal industry and threaten to put out of work several hundred thousand Americans who work in coal-related industries.

The call was issued by the Western Business Roundtable following news reports that Democratic presidential nominee Barack Obama intends to make it so costly to build advanced clean coal power plants with carbon capture and sequestration that it will "bankrupt" any company that tries to do so.

"We are calling upon Democrats, Republicans and Independents from coast to coast to publicly express their support for advanced clean coal power generation and to distance themselves from those who say that we should bankrupt the coal industry," said Britt Weygandt, Executive Director of the Western Business Roundtable. "A lot of Americans are going to be listening in the next 24 hours to see which elected leaders stand up for clean coal and which don't."