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I didn't watch the speech, so I can't really comment on his plans, but that quote is depressing. The last thing we need is to entrench fossil fuels even more. It doesn't serve the goal of becoming more energy independent, or of reducing carbon emissions, or of preventing a peak oil crisis. Technology isn't going to save us from those problems if the government isn't encouraging the right kinds of technologies.

Dropping plans for a carbon cap makes this even worse.

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