Electrical News

Senator Clinton said, “If every American home replaced its incandescent light bulbs with compact fluorescent ones, which use one third the electricity and last ten times as long, the electricity we use for lighting would be cut in half. Even with the higher cost of the efficient light bulbs, consumers would save 25 to 40 percent per year.”

In addition, Mrs. Clinton suggested establishing a ‘Strategic Energy Fund,’ to be established with unexpected windfall profits from oil companies. Senator Clinton proposed that the US should reform the energy taxes and pay a portion of profits to pay incentives. She said, “Oil companies that have amazing profits should contribute to a ‘Strategic Energy Fund’. (We should) assess oil companies a fee out of their unanticipated profits which would raise approximately $20B per year to invest.” She added, “We used to make polluters pay for clean up; now we need oil companies to pay for investment.”

Her plan allows for companies that invest in renewable energy to not pay into fund. The fund would be temporary to kick-start the alternative energy market. She emphasized, “Now is the time for oil companies to transfer themselves into energy companies. BP and Shell are taking steps in this direction.”

Cleantech currently hosts two North American Venture Forums annually. These forums are the premiere showcase for venture-grade, emerging clean technology investment opportunities.

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Ed Edison
EdisonReport
www.edisonreport.com