Obama Invests $467M in Solar and Geothermal Development

[WI_DEM]

NELLIS AIR FORCE BASE, Nevada, May 28, 2009 (ENS) - President Barack Obama Wednesday announced over $467 million from the American Reinvestment and Recovery Act to expand and accelerate the development, deployment, and use of geothermal and solar energy across the United States.

The funding is intended to help the solar and geothermal industries overcome technical barriers, demonstrate new technologies, and provide support for clean energy jobs.

"We have a choice," said the President, addressing armed services personnel and legislators at Nellis Air Force Base. "We can remain the world’s leading importer of oil, or we can become the world’s leading exporter of clean energy. We can hand over the jobs of the future to our competitors, or we can confront what they have already recognized as the great opportunity of our time: the nation that leads the world in creating new sources of clean energy will be the nation that leads the 21st century global economy. That’s the nation I want America to be."

The President announced the new funding on the 100th day after he signed the Recovery Act while standing near the largest solar electric plant of its kind in the Western Hemisphere. More than 72,000 solar panels built on an old landfill provide 25 percent of the electricity for the 12,000 people who live and work at Nellis.
http://www.ens-newswire.com/ens/may2009/2009-05-28-092.asp

[Junkdrawer]

1. Last I heard, Geothermal's greatest obstacle is government red tape

Let's hope THAT is removed or this investment will only be window dressing.

[ClarkUSA]

2. Another great progressive policy CHANGE by President Obama. Thanks for the news.

[hayu_lol]

3. Hmmmm...better put this in perspective...

467 million for this project and 1 billion for 2 embassies(Afghanistan/Pakistan).

Anyone else see something wrong with these numbers?

[ClarkUSA]

4. Apples and oranges. Compared to previous presidents, this is welcome CHANGE.

[OmmmSweetOmmm]

5. I was reading down the thread before commenting. $467 million dollars is chump change

in development. Last I read, the new Yankee Stadium cost $1.3Billion.

[ClarkUSA]

6. More apples and oranges. What was "chump change" was what previous presidents offered, if anything.