'Historic legislation that will transform the way we produce and use energy'

US President Barack H. Obama, at a June 23 press conference, discusses pending legislation’s role in administration efforts to build a clean energy economy.

US President Barack H. Obama, at a June 23 press conference, discusses pending legislation’s role in administration efforts to build a clean energy economy:

“This week, the House of Representatives is moving ahead on historic legislation that will transform the way we produce and use energy in America. This legislation will spark a clean energy transformation that will reduce our dependence on foreign oil and confront the carbon pollution that threatens our planet.

“This energy bill will create a set of incentives that will spur the development of new sources of energy, including wind, solar, and geothermal power. It will also spur new energy savings, like efficient windows and other materials that reduce heating costs in the winter and cooling costs in the summer.

“These incentives will finally make clean energy the profitable kind of energy. And that will lead to the development of new technologies that lead to new industries that could create millions of new jobs in America, jobs that can't be shipped overseas.

“At a time of great fiscal challenges, this legislation is paid for by the polluters who currently emit the dangerous carbon emissions that contaminate the water we drink and pollute the air that we breathe. It also provides assistance to businesses and communities as they make the gradual transition to clean energy technologies . . .

“We all know why this is so important. The nation that leads in the creation of a clean energy economy will be the nation that leads the 21st century's global economy. That's what this legislation seeks to achieve: It's a bill that will open the door to a better future for this nation. And that's why I urge members of Congress to come together and pass it.”

Contact Nick Snow atnicks@pennwell.com

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