It is about time. We have talked forever about the need to develop and fund alternative energy sources. The U.S. consumes 20 percent of the oil produce, but only has 2 percent of the world's reserves.
http://www.boston.com/news/nation/washington/articles/2010/06/03/as_well_spews_in_gulf_obama_makes_climate_bill_a_priority/
PITTSBURGH — Signaling that the Gulf of Mexico oil disaster has propelled climate change legislation toward the top of his priority list, President Obama called on Congress yesterday to roll back billions of dollars in tax breaks for oil companies and help the nation end its dependence on fossil fuels.
Obama predicted he would find the political support for legislation that could dramatically alter the way Americans fuel their homes and cars, including by placing a price on carbon pollution. A bill crafted by Senator John F. Kerry to do just that remains mired in the Senate.
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It was the fourth time in 12 days that Obama urged the Senate to take up the energy and climate change bill. The call to action was hailed by Kerry, a Democrat of Massachusetts, and Senator Joseph Lieberman, independent of Connecticut, who together filed the legislation last month.
“President Obama is clearly putting his shoulder to the wheel to pass comprehensive climate and energy legislation this year,’’ Kerry and Lieberman said in a joint statement. “Nothing could be more definitive than his explicit commitment today to find the remaining votes needed to pass this vital legislation.’’