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We have to plan for the future.

And the future is that clean energy — cleaner forms of energy are going to be increasingly important, because even if folks are still skeptical in some cases about climate change in our politics and in Congress, the world is not skeptical about it.

If we’re going to be after some of these big markets, they’re going to be looking to see, is the United States the one that’s developing clean coal technology? Is the United States developing our natural gas resources in the most effective way? Is the United States the one that is going to lead in electric cars? Because if we’re not leading, those other countries are going to be leading.

So what I want to do is work with West Virginia to figure out how we can seize that future. But to do that, that means there’s going to have to be some transition. We can’t operate the coal industry in the United States as if we’re still in the 1920s or the 1930s or the 1950s. We’ve got to be thinking what does that industry look like in the next hundred years. And it’s going to be different. And that means there’s going to be some transition. And that’s where I think a well-thought-through policy of incentivizing the new while recognizing that there’s going to be a transition process — and we’re not just suddenly putting the old out of business right away — that has to be something that both Republicans and Democrats should be able to embrace.

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President Barack Obama
Jan 29, 2010

In response to the question by Congresswoman Capito from West Virgina during the House Republican Caucus.