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Cramer on BloggingStocks: Obama's pro-coal stance makes Copenhagen a charade |
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| Dec 07, 2009 03:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: General Electric (GE), Coca-Cola (KO), Market matters, Chesapeake Energy (CHK), NIKE, Inc'B' (NKE), Anadarko Petroleum (APC), Politics, Cramer on BloggingStocks, Southern Company (SO) TheStreet.com's Jim Cramer says the biggest companies can lobby their way to huge profits. Anyone serious about climate change knows that coal is the worst enemy of the environment. We can have all of the electric cars we want, if they are hooked into a coal-based utility system then the gains are irrelevant. We can also be sure that while all sorts of companies, like the General Electrics (GE) (Cramer's Take) and Cokes (KO) (Cramer's Take) and Nikes (NKE) (Cramer's Take) and Nestles, support climate control, they are not equal to one Southern Company (SO) (Cramer's Take), which is an important coal-burning company and a huge lobbyist for the coal industry. Our nation has a two-pronged climate philosophy: pushes on conservation and on renewables. Neither is enough to get us through the next 10 years; we can't produce enough renewable energy at a cheap price and we can't caulk our way out of the jam. Continue reading Cramer on BloggingStocks: Obama's pro-coal stance makes Copenhagen a charade Cramer on BloggingStocks: Obama's pro-coal stance makes Copenhagen a charade originally appeared on BloggingStocks on Mon, 07 Dec 2009 10:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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