On the recordMarch 13, 2012
We think that research, development, and demonstration of those advanced biofuels is something very much in the interest of the United States.
Said by
Steven Chu
Source
congress.govWe think that research, development, and demonstration of those advanced biofuels is something very much in the interest of the United States.
Steven Chu emphasizes the importance of advancing biofuels for U.S. energy diversification.
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We believe that that ATVM loans, for example, the loans to Ford and to Nissan, saved or generated many, many thousands of jobs.
If I look at other countries and how they are borrowing from our playbook--we have a long history of funding our research and development through our national labs, through our universities, and even in some companies.
Pound for pound, dollar for dollar, he felt that ARPA-E was the most effective use of government resources he has seen in a long time.