5 Facts on Big Oil’s Campaign Against a Clean Energy Recovery

President Obama has asked Congress to deliver comprehensive energy legislation that invests in clean energy, creates millions of green jobs, cuts our dependence on dirty fossil fuels, and holds energy companies accountable for reducing global warming pollution.

We can’t afford to wait to invest in better ways to power our future and to protect the planet. But oil companies are fighting back with an all-out advertising campaign to stall progress and keep America’s energy policy stuck in the status quo.

Here are five things you should know about the campaign:

  1. The scare campaign is bankrolled by Big Oil. The oil industry has launched a desperate media blitz attacking President Obama’s energy plan – the same oil companies that made $155 billion in profits in 2007 (far more than the President’s plan to spur clean energy investments would cost).
  2. Our dependency on fossil fuels is stalling America’s economy. We’re already spending more than $400 million every day on foreign oil. If we don’t act now, the Energy Dept. says America’s energy bill will increase by $420 billion annually within the next five years. That amounts to $3,500 every year for every family in the nation.
  3. Clean energy creates jobs. Clean energy solutions are economic solutions. The clean energy and energy efficiency industries in America already employ 3.7 million people, and we’ve only scratched the surface of its potential.
  4. Clean energy delivers better energy choices. The more we invest in technologies that harness renewable energy and use energy more efficiently, the cheaper these technologies become. Renewable technologies are following a “learning curve” similar to computers and other modern technologies that get cheaper and more powerful as manufacturers innovate. For example, the cost of solar technologies has been reduced by 90% in the last two decades.
  5. Investing in a clean energy future is the only affordable path for America. According to a detailed technology analysis by McKinsey & Company, the United States can reduce global warming pollution by 30% through investments that, in their entirety, save as much money through lower energy bills as they cost. And let’s not ignore the rising cost of inaction. Electric power companies right now are trying to raise electricity rates across the country because of the high cost of coal – for example, as much as a 50% increase over the next three years for parts of Ohio, West Virginia and the Midwest.

We need new energy policies to spur investment at the scale needed to break our dependency on fossil fuels. At the heart of any energy plan, we must hold energy companies accountable to limit and reduce their global warming pollution. Most global warming pollution comes from oil and coal. Placing enforceable limits on global warming pollution will immediately drive private investment in renewable energy technologies as well as efficient technologies that use energy smarter.

Please take a moment right now to tell Congress to pass strong climate & energy legislation in 2009!


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2 Responses to “5 Facts on Big Oil’s Campaign Against a Clean Energy Recovery”

  1. italianopinionist Says:

    I appreciate the connections between investing in clean energy and saving money through lower energy bills. This can be in part a good answer to all voices assigning no utility in the search for clean energy because of its costs. Misinformation about global warming and, consequently, the need for new energy sources is widespread. In the meanwhile howevere, something should be done… maybe we can’t know which is the truth and we have to gamble… but if we make a mistake we could have no second chance. I feared any sort of media blitz made to influence public opinion. In this way money and power (as in the case of oil industry) can make real the problems or erase them without people noticing what’s going on. Because of media coinceiving tendency I prefer to follow a skeptical attitude while keeping on questioning. In this case, however, the more rational and less dangerous attitude is not to ignore warnings about what could happen if we don’t change our habits and life style. If it is a wager on our future I prefer the rationality of Pascal’s Wager to a casual bet.

  2. The Italian Opinionist Says:

    Renewable energies and economic crisis can help each other
    The evaluation of the economical impact of investments in renewable energies is quite a controversial subject. It is a cost in the immediate future but it can reveal itself as the best investment we can do right now. In past days one of the most important italian economic headline (”Il Sole 24 ore“) reported a news about steel workers in Braddock, Pennsylvania, asking for green jobs in order to survive the crisis which invested the steel industry. The realization of a wind turbine can require up to hundreds ton of steel… Wind turbines could produce clean energy and many green jobs as well.
    In Italy we are at the forefront in the researches about clean energy sources (Ponte di Archimede Spa with its Kobold turbine is a clear example). Unluckily we spend time discussing about collateral questions instead of investing…


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