'We’ve subsidized oil companies for a century. That’s long enough.'
from President Obama's SOTU address: http://www.whitehouse.gov/the-press-office/2012/01/24/remarks-president-state-union-address
Because of federal investments, renewable energy use has nearly doubled, and thousands of Americans have jobs because of it . . .
Some technologies don’t pan out; some companies fail. But I will not walk away from the promise of clean energy . . . I will not cede the wind or solar or battery industry to China or Germany because we refuse to make the same commitment here.
We’ve subsidized oil companies for a century. That’s long enough. It’s time to end the taxpayer giveaways to an industry that rarely has been more profitable, and double-down on a clean energy industry that never has been more promising. Pass clean energy tax credits. Create these jobs.
read entire SOTU address: http://www.whitehouse.gov/the-press-office/2012/01/24/remarks-president-state-union-address
(AP Photo/Saul Loeb, Pool)
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