Obama Asks Congress to Eliminate Oil Subsidies and Invest in Tomorrow's Energy
President Obama spoke in the State of the Union address of the promise of renewable energy, and the need to reinvent our energy policy and support innovation.
Obama said, "to help pay for it, I’m asking Congress to eliminate the billions in taxpayer dollars we currently give to oil companies." He added, "I don’t know if you’ve noticed, but they’re doing just fine on their own. So instead of subsidizing yesterday’s energy, let’s invest in tomorrow’s."
Confirming his assertion, oil company profits are rising, as reported in the NY Times.
Clearing the Way for a Native Opportunity in America’s “Sputnik Moment”
Clean energy deployment in American Indian country can help address many woes, including limited access to electricity, high energy costs and elevated unemployment rates and poverty. Tribal lands are robust in renewable energy derived from the wind and sun.
An article by Van Jones, Bracken Hendricks and Jorge Madrid suggests ideas to stimulate a new wave of investment in clean energy and activate the economic potential of tribal lands. Read the article here.