America is highly dependent on oil and our climate is changing as a result of our carbon emissions. In order to mitigate the considerable risks to climate change, the world has to transition to a sustainable energy future.
Chu highlights the need for a transition to sustainable energy to combat climate change.
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If we can develop this technology in the United States and build these reactors with American workers, we will have a key competitive edge.
We think that research, development, and demonstration of those advanced biofuels is something very much in the interest of the United States.
President Obama has called for an 'all-of-the-above strategy that develops every source of American energy.'
We believe that that ATVM loans, for example, the loans to Ford and to Nissan, saved or generated many, many thousands of jobs.