not looking to good for the citys budget.........
In the interview, Obama talks about a cap-and-trade system in which polluters will have to buy credits to offset their emissions, which he says will encourage energy producers to pursue cleaner sources.
"So if somebody wants to build a coal-powered plant, they can; 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," Obama said in the interview.
In the audio file of the interview, he also takes on environmentalists who would like to eliminate coal as an energy source altogether.
"The only thing that I've said with respect to coal -- I haven't been some coal booster," Obama said. "What I have said is that for us to take coal off the table as an ideological matter, as opposed to saying if technology allows us to use coal in a clean way, we should pursue it."
Obama's campaign says the tape has been "wildly edited." In a statement, the campaign argued that, "The point Obama is making is that we need to transition from coal-burning power plants built with old technology to plants built with advanced technologies -- and that is exactly the action that will be incentivized under a cap-and-trade program."