On the recordOctober 7, 2015
I thank the Senator from Massachusetts for explaining to the public and this body what we are all becoming increasingly aware of. The technology is there. This is no longer pie in the sky. This is not hopeful ecological utopia thinking. This is real stuff. These are real jobs that are being financed by banks and financial institutions. This is already upon us. I wish to tell the story of Hawaii's clean energy transformation. Of course the clean energy transformation is taking place across the country, but it is especially true in Hawaii. For decades--since the demise of the sugar plantation--Hawaii relied on imports of fossil fuel for our energy needs. As recently as 2010, we derived nearly 90 percent of our electrons from burning oil. In just 4 years we have driven this number down to around 80 percent, and we are on our way to a 100 percent clean energy target. Hawaii's reliance on imported fuels isn't just bad for the climate, it is also bad economics. We have the highest electricity rates in the country. Our rates are three times higher than the national average. For the privilege of burning LSFO, low sulfur fuel oil, we are paying higher prices than anywhere in the Nation, and so something had to give. In order to bolster our own energy security and economic prospects, we made the decision to transition away from fossil fuels to solar, wind, and geothermal.…
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