Tuesday, February 12, 2013

President Obama proposes Energy Security Trust

From the 2013 State of the Union address:

“For the sake of our children and our future, we must do more to combat climate change”, President Obama said. “If Congress won't act soon to protect future generations, I will. I will direct my Cabinet to come up with executive actions we can take, now and in the future, to reduce pollution, prepare our communities for the consequences of climate change, and speed the transition to more sustainable sources of energy.” 

President Obama added: “I propose we use some of our oil and gas revenues to fund an Energy Security Trust that will drive new research and technology to shift our cars and trucks off oil for good.”

President Obama at State of the Union address 2013, proposing an Energy Security Trust