Fossil-Fuel Industry Can’t Stop Renewable Energy, Obama Says
Barack Obama delivers a speech during the National Clean Energy Summit 8.0 in Las Vegas on Monday.
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President Barack Obama pledged to provide incentives to support investments in renewable energy, saying the industry will thrive despite opposition by Republicans and fossil-fuel suppliers.
The White House on Monday announced a $1 billion increase in loan guarantees for renewable energy projects, $24 million in new grants for solar research and measures to reduce costs for homeowners to install solar panels. The government also said it would approve a transmission line for a large solar plant in Riverside County, California.