Tue, 25 May 2010
Re-Energizing America: How Passing Climate and Energy Legislation Can Keep the U.S. Competitive in the Global Race for Energy
Almost a year after the U.S. House passed the American Clean Energy and Security Act and after months of planning and preparation, Senators John Kerry (D-MA) and Joe Lieberman (I-CT) released the American Power Act. This is a significant step forward, but as time keeps ticking oil is spewing into the Gulf of Mexico at an alarming rate and other countries like Germany, China and Brazil are grabbing attention for their advances in renewable energy markets like offshore wind farms and solar power. The risks to our environment and economy are already in place. So just what is taking the United States so long to pass comprehensive climate and energy policy? And what are the possible ramifications - both environmental and economical - facing us if we fail to act?
In this episode, we speak with Kevin Parker, Global Head of Deutsche Asset Management, about the need for a strong regulatory environment that will spur energy investment here in the U.S. instead of sending investment dollars outside our borders.
[Music: LCD Soundsystem, "Someone Great" from The Sound of Silver [Capitol, 2007]; DJ Shadow, "You Can't Go Home Again," from You Can't Go Home Again/Disavowed/Treach Beat (MCA, 2002)]