Energy continues to dominate presidential politicking and Obama proposes a $1,000 energy rebate that he says could alleviate the stress of high energy costs. But when fighting energy costs we’ve also got to mind emissions, something that worries some about a potential running mate for Obama — Virginia governor Tim Kaine who’s a well-known coal advocate. Though environmentalists are still rallying around Obama, now paying for ads supporting Obama’s stance on big oil.
Obama Calls for “Emergency” Rebate: Speaking in St. Petersburg, Fla. at a town hall meeting this morning, Obama said his $1,000 energy rebate check needs to happen now. Originally proposed as part of a larger and later tax relief package, Obama said this “emergency” rebate is needed immediately to help consumers battle rising energy prices and a slumping economy. The rebate would be funded by taxes on the windfall profits of oil companies. Obama’s announcement coincides with news that unemployment rates hit a 4-year high last month at 5.7 percent as well as reports of ExxonMobil’s second quarter earnings of $11.68 billion, breaking their own record for biggest three-month profit ever.
Read More about Green Campaign Watch: “Emergency” Energy Rebate, Coal-Connected VP & Sierra Club’s Ad