FACT SHEET: President Obama Highlights Vision For Clean Energy Economy
WASHINGTON, D.C. – President Obama traveled to Newton, Iowa today to visit Trinity Structural Towers, the former Maytag appliance factory that now houses a green manufacturing facility, which produces towers for wind energy production and employs dozens of former Maytag employees. Marking Earth Day, President Obama reaffirmed his commitment to a comprehensive energy plan that lessens our dependence on foreign oil, creates jobs and helps win the race toward clean energy technology. With the depletion of the world’s oil reserves and the growing disruption of our climate, the development of clean, renewable sources of energy is the growth industry of the 21st century.
“The choice we face is not between saving our environment and saving our economy – it’s a choice between prosperity and decline,” President Obama said. “The nation that leads the world in creating new sources of clean energy will be the nation that leads the 21st century global economy.”
The President’s energy policy will jump-start the creation of an American Clean Energy sector that will create millions of clean energy jobs. The President underscored how jobs at Trinity are examples of the opportunities this sector will create for workers not just in the factories that manufacture wind turbines, but also across the economy, for workers who weatherize our homes and research new technologies.
Today, President Obama unveiled a program to develop the renewable energy projects on the waters of our Outer Continental Shelf that produce electricity from wind, wave, and ocean currents. These regulations will enable, for the first time ever, the nation to tap into our ocean’s vast sustainable resources to generate clean energy in an environmentally sound and safe manner.
President Obama will pursue comprehensive legislation to move toward energy independence and prevent the worst consequences of climate change – while creating the incentives to make clean energy the profitable kind of energy in America.
To take this country in the right direction, Congress must pass comprehensive legislation to protect our nation from the serious economic and strategic risks associated with our reliance on foreign oil and the destabilizing effects of a changing climate. Policies to advance energy and climate security should promote economic recovery efforts, accelerate job creation, and drive clean energy manufacturing by:
- Creating new Jobs in the Clean Energy Economy. Drive the development of new, green manufacturing opportunities in the rebuilding, retrofitting and modernizing of our nation’s factories.
- Promoting U.S. Competitiveness. Ensure a level playing field for domestic manufacturing and secure significant actions to combat climate change by our trading partners.
- Investing in the Next Generation of Energy Technologies. Invest $150 billion over ten years in energy research and development to transition to a clean energy economy.
- Breaking Dependence on Oil. Promote the development of the next generation of cars and trucks and the fuels they run on.
- Producing More Energy at Home. Enhance U.S. energy supplies through responsible development of domestic renewable energy, fossil fuels, advanced biofuels and nuclear energy.
- Promoting Energy Efficiency. Promote investments that secure the biggest bang for the buck in reducing energy bills in the transportation, electricity, industrial, building and agricultural sectors.
- Closing the Carbon Pollution Loophole. Develop an economy-wide emissions reduction program to reduce greenhouse gas emissions and secure the greatest benefits at the lowest cost for families and businesses.
- Protecting American Consumers. Revenues generated by closing the carbon loophole will be returned to the people, especially vulnerable families, communities, and businesses.