Obama Announces Actions On Renewable Energy

Posted by Joseph R. Fonseca
Friday, May 09, 2014
President Barack Obama

 

President Barack Obama announced steps on Friday to increase the use of solar panels, boost energy efficiency in federal buildings and train more people to work in the renewable energy field.

"It's the right thing to do for the planet," Obama said, standing in the outdoor lighting display section of a WalMart store that features roof-top solar panels and a charging station for electric vehicles, among other energy-saving retrofits.

The president used the stop to show how major corporations have committed to increasing the generation of solar power at their facilities. Wal-Mart Stores Inc, Apple Inc , Yahoo Inc, Google Inc and Ikea were among the companies that have made such commitments.

Obama made the announcement at the end of a three-day California swing mostly devoted to raising hundreds of thousands of dollars for the Democratic Party.

The president and administration officials have spent much of this week highlighting their concern about climate change and the need to take steps to address the change. Friday's announcement fit into that policy agenda.

"The sooner we work together to adapt the economy to this reality of climate change, the more likely it is that we do right by our kids, and leave a more stable world," Obama said at what the chief executive officer of Walmart U.S., Bill Simon, said was the first visit by a sitting U.S. president to one of his stores.

Obama said an additional $2 billion would be devoted to energy efficiency upgrades to federal government buildings over the next three years.

Several financial institutions, including Citigroup Inc and Goldman Sachs Group Inc, were announcing new plans for "large scale investment and innovative programs" to develop solar and renewable energy installations, the White House said.

Obama's executive actions would support efforts at community colleges so that 50,000 workers would join the solar industry by 2020, it said.

"Investing in solar and efficiency makes sense to reduce our carbon emissions, but also for our pocketbooks and for our economy," Dan Utech, an energy adviser to Obama, said during a conference call on Thursday to preview Obama's announcement.

He said the U.S. solar energy industry had expanded dramatically under Obama's watch, with installations increasing to an amount enough to power more than 2 million homes.

An Obama spokesman also announced the completion of a project to install solar panels at the White House itself. The panels were American-made and part of an energy retrofit that would improve the building's energy efficiency.

"The project, which helps demonstrate that historic buildings can incorporate solar energy and energy efficiency upgrades, is estimated to pay for itself in energy savings over the next eight years," spokesman Matt Lehrich said.

Solar panels at the White House are not entirely new. Obama promised in 2010 to put solar panels on the White House roof. Former Democratic President Jimmy Carter had put up solar panels in 1979, during an oil crisis, but Ronald Reagan, his Republican successor, removed them during repairs.

(Additional reporting by Jeff Mason in Washington; Editing by Leslie Adler)

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Brent Crude Slips Towards US$102

Brent crude fell towards $102 a barrel on Tuesday on concerns of slowing oil demand growth due to weak economic recoveries in China and Europe, although new unrest

Aker Solutions Update on Company Hive-Off

Aker Solutions informs updated unaudited financial information for the two companies - the new Aker Solutions and Akastor - that will be formed following the split

Russia's Shipping Major Reports Strong 1H 2014

OAO Sovcomflot (SCF Group), Russia’s largest shipping company and a global leader in seaborne energy transportation and offshore services, has announced its financial

Environmental

Panama Canal Generates VER Carbon Credits

The Panama Canal Authority (ACP) informs it has certified Verified Emission Reductions (VERs) or carbon credits, within the framework of the Sustainable Forest

Fortum Buys Stake in Wave Power Startup

Finland's top utility, state-controlled Fortum, on Monday said it has acquired a 14 percent stake in Finnish wave energy developer Wello. Wello has developed

Cavernous Swiss Power Plant Undermined by Renewable Energy

Deep in a Swiss mountain, workers have blasted out a cathedral-sized hole for a power plant that will help keep Europe's lights on, but the profit outlook for the 1.

Energy

Brent Crude Slips Towards US$102

Brent crude fell towards $102 a barrel on Tuesday on concerns of slowing oil demand growth due to weak economic recoveries in China and Europe, although new unrest

Aker Solutions Update on Company Hive-Off

Aker Solutions informs updated unaudited financial information for the two companies - the new Aker Solutions and Akastor - that will be formed following the split

Nanotechnology & Big Data: New Review

A report commissioned by the Lloyd’s Register Foundation, reviewing the potential implications of nanotechnology on the safety and performance of engineering assets

News

USCG, National Park Service Rescue Sea Turtle

Members from the U.S. Coast Guard and National Park Service rescued a loggerhead sea turtle Sunday in Oregon Inlet. Watchstanders at Coast Guard Sector North Carolina

Bulk Equipment is Delivered to Syzran Refinery

A reactor and a cold high-pressure separator is delivered to the site of Rosneft subsidiary Syzran Refinery for the constructed diesel hydro-treater. The unit

Achinsk Refinery Resumes Operation on Tight Schedule

Achinsk Oil refinery, suspended after the incident of June 15, 2014 has recovered the processes of primary crude oil processing on a tight schedule, according to the plan of repair activities.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2854 sec (4 req/sec)