Back at work, Biden touts clean energy to investors

Back at work, Biden touts clean energy to investors.

 Gregory Korte, USA TODAY7:06 p.m. EDT June 16, 2015

The White House had hoped to tally $2 billion, but “the response over only a couple of months has exceeded even our ambitious expectations,” said Brian Deese, a senior adviser to President Obama. He said investments already made solar and wind energy have caused the costs of those technologies to “plummet.”

The largest investments come from pension funds and other institutional investors, including $500 million from the University of California, $500 million from Goldman Sachs, $350 million from the New Zealand Superannuation Fund, $200 million from the Alaska Permanent Fund. and $100 million from TIAA-CREF.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: