Saturday, June 12, 2010

Clean Energy R&D Funds Should Be Tripled in U.S.

When the CEOs of 7 companies like GE and Microsoft talk with one voice, people should listen.

The American Innovation Energy Council, a council of corporate leaders, urged Congress and President Obama to triple funding for clean-energy related R&D from $5 billion to $16 billion per year.

As reported in the Times, GE's CEO Jeff Immelt said, "The world is not going to wait for the United States to lead. This is about innovation; this is about competition; this is about energy security."

We're not leading — that's a given. But not only are we not following, we're looking in the opposite direction.

Or is it that our only hope of being competitive is waiting for Chinese goods to become more expensive?

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