President Barack Obama has accused businesses profiting from fossil fuels of “standing in the way of the future” by actively trying to restrict customers’ access to solar, wind and renewable sources of energy.
Speaking at the National Clean Energy Summit in Las Vegas on Monday, the president singled out Charles and David Koch, the billionaire brothers and major Republican donors, whose company is embedded in the industry that transforms raw fossil fuels into useable goods.
Mr Obama accused the brothers, along with other “fuel interests” and conservative think tanks of pushing for new laws that would sabotage progress in renewable energy in order to protect their own interests.
“That’s not the American way. That's not progress,” he told the audience. “That's not innovation. That’s rent seeking and trying to protect old ways of doing business and standing in the way of the future.”
Read more at: http://www.telegraph.co.uk/news/worldnews/northamerica/usa/11824256/Barack-Obama-accuses-pro-fossil-fuel-businesses-of-sabotaging-solar-energy.html
Speaking at the National Clean Energy Summit in Las Vegas on Monday, the president singled out Charles and David Koch, the billionaire brothers and major Republican donors, whose company is embedded in the industry that transforms raw fossil fuels into useable goods.
Mr Obama accused the brothers, along with other “fuel interests” and conservative think tanks of pushing for new laws that would sabotage progress in renewable energy in order to protect their own interests.
“That’s not the American way. That's not progress,” he told the audience. “That's not innovation. That’s rent seeking and trying to protect old ways of doing business and standing in the way of the future.”
Read more at: http://www.telegraph.co.uk/news/worldnews/northamerica/usa/11824256/Barack-Obama-accuses-pro-fossil-fuel-businesses-of-sabotaging-solar-energy.html
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