Obama on energy

This audio is from Barack Obama telling the San Francisco "Under my plan of a cap and trade system, electricity rates would necessarily skyrocket…even regardless of what I say about whether coal is good or bad, because I’m capping greenhouse gasses, coal power plants, natural gas…you name it…whatever the plants were, whatever the industry was, they would have to retro-fit their operations.
Is Obama and his administration planning on making cap and trade happen a soon as possible?

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