Oct 12, 2012
President Barack Obama warned his supporters about the threat of global warming and vowed that more money to subsidize green energy firms would prevent it.
“By the way, yes, my plan will reduce the carbon pollution that is eating our planet because climate change is not a hoax,” Obama said at a campaign rally at the Bank United Arena at the University of Miami. “More droughts and hurricanes and wildfires, that’s not a joke. That’s a threat to our children’s future, and we can do something about it.”
Obama said that he planned to spend more money to subsidize green projects such as wind and solar if elected to a second term. Obama’s Republican opponent Mitt Romney has criticized him for spending $90 billion on green energy companies, many of which went into bankruptcy.
This week, the House Energy and Commerce Committee announced it is seeking information from the Department of Energy about a $400 million loan to Abound Solar, which recently filed for bankruptcy. Abound was the fifth stimulus-funded green energy firm and the third to file for bankruptcy after Solyndra and Beacon Power.
This article was posted: Friday, October 12, 2012 at 3:09 am