-By Warner Todd Huston
Back in 2008 Barack Obama was given little notice when he told the editorial board of the San Francisco Chronicle that if he became president he’d work to destroy the coal industry, both for miners and power providers. Now, as his presidency comes to an end we see he has kept that promise.
This month, despite that coal is still one of the world’s leading sources of energy, America’s biggest coal company, Peabody Energy, filed for bankruptcy. Peabody joins a growing list of bankruptcies of other American coal concerns including Alpha Natural Resources, Arch Coal, and Patriot Coal.
Granted the industry had problems before Obama came along, but those problems became but a small part of the insurmountable obstacles put in their way by Obama’s policy to “bankrupt” the coal industry.
And before you think we here at Publius Forum are just being hyperbolic, no, “bankrupt” is exactly the term Obama used in his interview in 2008.
Here it is in Obama’s own voice…
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Obama’s Promise to Destroy the Coal Industry Has Been Kept”
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