Earlier, I promised you the reaction of the oil industry to the call by Barack Obama to end its subsidies.
Well, here is the API’s full reaction, courtesy of Jack Gerard, the organisation’s chief:
Yesterday I blogged on what Carol Browner’s departure could mean for green policies under the Obama administration. Environmentalists were worried that this showed a shift by the White House away from tackling climate change and towards appeasing business.
They needn’t have worried. In the president’s State of the Union Address last night, he spent a considerable amount of time stressing his commitment to clean energy, and making some important and concrete pledges at the same time.
Calling this “our Sputnik moment”, Obama said:
We’ll invest in biomedical research, information technology, and especially clean energy technology – an investment that will strengthen our security, protect our planet, and create countless new jobs for our people.