DOE Secretary Asks Leaders to Support Climate Change Legislation-

Department of Energy Secretary Dr. Steven Chu urged attendees at a recent energy industry meeting to accept strategic regulation on carbon pollution and begin exploring objectives which will help to realize this critical goal. “Let’s get moving now,” he told conference members. “That will get the innovation machine moving. Time is running out, and the train is leaving the station.” Chu also mentioned that if America does not enforce restrictions to control climate change, China and European countries will maintain a lead in developing the renewable energy market; driving a major portion of economic growth to foreign companies. “Over the long haul, the cost of oil will rise. And we will live in a carbon-constrained world,” Chu said here. “We need a long-term policy that says, ‘There will be a cap on carbon.’” In his speech, the DOE secretary additionally announced $154 million in governmental grants to fund NRG Energy, Inc.’s carbon sequestration and storage facility in Texas which will aid the United States in furthering its goal of a clean energy economy. NRG has proposed a six-year venture to construct a 60-megawatt carbon capture plant to substantiate many significant advances in carbon sequestration and reuse technologies.