There's Gold in Them Waves
President Obama outlined a plan on Earth Day to lease federal waters on the Outer Continental Shelf for wind and tidal power projects. Speaking at a turbine factory, Obama said wind could generate 20 percent of the nation’s electricity.
Bloomberg:
President Barack Obama said his administration is taking steps to begin leasing tracts off U.S. shores for electricity-generation projects using wind and ocean currents.
The president said the initiative will open the way to “major investments” in projects on the Outer Continental Shelf and that interest already is high in putting wind-power turbines off the coasts of New Jersey and Delaware. He also said he will continue pursuing a “market-based cap” for emissions of carbon dioxide, a gas linked to climate change.