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Article: Oil Imports and Oil Prices Drive United States to Increase Renewable Energy Capacity.
- Article from:
- Business Wire
- Article date:
- August 29, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PALO ALTO, Calif. -- Faced with rising oil imports and mounting concerns over the environment, the U.S. and Canadian governments will undertake proactive initiatives to reduce their dependency on fossil fuels. In January 2007, the U.S. House of Representatives passed the Clean Energy Act. When enforced, this legislation expects to transfer more than $14 billion from certain subsidies to investments in clean energy. Likewise, the Canadian government has launched three new ecoENERGY initiatives for boosting renewable energy and reducing greenhouse gas emissions. These initiatives will likely provide new direction for the future growth of the North American renewable energy ...