President Barack Obama is expected to lay out steps to blunt the effects of climate change during a speech at Georgetown University in Washington, D.C., at 1:35 p.m. EDT.
The speech will be webcast live on http://www.georgetown.edu.
President Obama promoted the speech in a 90-second video posted on the White House website June 22. In the video, Obama noted that he had highlighted the importance of climate change during his January inaugural address.
Media reports in advance of the speech suggest that Obama could take executive action on everything from carbon dioxide limits for existing power plants to more development of renewable energy on public land; to plans for building roads above flood levels. National Public Radio reported that Obama will have EPA draw up CO2 limits for existing power plants.
The Washington Post reported in its June 25 print edition that several publicly-traded coal mining companies saw their stock prices trade lower in advance of the president’s speech.
