CIG believes U.S. President Barrack Obama’s first State of the Union speech has been met with guarded enthusiasm. Obama urged Congress to pass energy and climate change legislation aimed at placing a cost on greenhouse gas emissions blamed for global warming, as soon as possible, pledging his support.
"To create more of these clean-energy jobs, we need more production, more efficiency, more incentives, and yes, it means passing a comprehensive energy and climate bill with incentives that will finally make clean energy the profitable kind of energy in America," CIG understands the president as having said.
He thanked the House of Representatives for passing a bill in June of 2009 which at its core would create an economywide cap-and-trade program that decreased businesses emissions annually over the next 40 years.
"This year, I am eager to help advance the bipartisan effort in the Senate,” Barrack Obama said.
CIG believes a New York-based asset manager in carbon and renewable energy markets, said that extending an olive branch to the Republicans was crucial to getting the bill passed out of the Senate, and Obama did exactly that.
"He acknowledged the differences with the Republicans and said he'd work with them, so I took that as a real encouraging speech for climate and clean energy. There's a deal to be had on climate if they can get past the partisanship,"
