>>Coal and oil industries scared of Obama
November 5, 2008, 9:36 pm
Filed under: Fossil fuel, Investing, Policy, Utilities

President-elect Barack Obama long ago named a carbon-cap program as a keystone in his energy plan. He expects to use the sale of emission permits to fund clean-energy incentives, with the goal of creating five million new jobs.

All this has fossil fuel extractors in a dither. Climate Progress today picked up a CNN story on the dark days ahead for coal and oil companies, and ran it with a few judicious comments by Joe Romm.

Read it here.


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