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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

World Stocks Tumble as Britain Votes for EU Exit

Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money

Environmental

MISC Publishes its 2015 Sustainability Report

MISC Berhad (MISC) today announces the publication of its 2015 Sustainability Report, covering the Company’s commitment, strategy and performance for the year ended

Admiral of the Ocean Sea Award Recipients Named

The United Seamen's Service (USS) 2016 Admiral of the Ocean Sea Awards (AOTOS) will be presented to Arthur E. Imperatore, Founder and President of New York Waterways; Donald Marcus,

Orca Energy ESS to Power Fish Farm Support Vessel

Grovfjord Mek. Verksted AS (GMV) has selected Corvus Energy as the supplier of the lithium ion based energy storage system (ESS) for a fish farm support vessel called GMV ZERO.

Energy

VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

World Stocks Tumble as Britain Votes for EU Exit

Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money

News

Prince Charles Places Final Section of UK Aircraft Carrier

The second of the largest warships ever built for the U.K. Royal Navy, the Queen Elizabeth Class carrier HMS Prince of Wales, was given the royal seal of approval when HRH The Prince of Wales,

RS Rules Conform to the IMO Goal-based Standards

The rules of the Russian Maritime Register of Shipping are in conformity to the International Maritime Organization (IMO)goal-based standards (GBS), the IMO’s Maritime

VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.1264 sec (8 req/sec)