ABB_id2059
in News Departments > New & Noteworthy
print the content item

Mesa Power founder Boone Pickens has launched a bipartisan public policy campaign on energy designed to address the country's dependence on foreign oil.

Pickens says that he will fund an aggressive multimedia advertising and Internet education campaign designed to focus attention on this issue and to advance an energy plan of his own - dubbed "The Pickens Plan." If adopted, the plan would reduce foreign oil dependency by more than one-third, according Pickens.

The plan calls for investing in power generation from domestic renewable resources and using supplies of natural gas as a transportation fuel - replacing more than one-third of our imported oil and saving more than $230 billion a year.

The plan includes the following strategies:

- private industry will fund the installation of thousands of wind turbines in the wind belt, generating enough power to provide 20% or more of the electricity supply,

- again funded by the private sector, electric power transmission lines will be built, connecting these wind power generating sites with power plants providing energy to the population centers in the Midwest, South and Western regions of the country, and

- natural gas that was historically utilized to fuel power plants will be redirected and used to replace imported gasoline and diesel as a fuel for thousands of vehicles in the transportation system.

SOURCE: T. Boone Pickens

Hybrid Energy Innovations 2015

Trachte_id2056
Latest Top Stories

High Net-Worth Investors Claim 'All Of The Above' On Energy, Renewable And Otherwise

According to a recent Morgan Stanley poll, high-dollar investors favor investment in renewable energy technologies, such as wind and solar.


U.S. Wind Power Installations Surpassed 4.7 GW Last Year, Although China Still Leads

Bloomberg New Energy Finance reports that U.S. wind installations came back in a big way from a disappointing 2013.


IRS Specifies Performance, Quality Standards For Small Wind Turbines

The Internal Revenue Service (IRS) recently issued guidelines creating safety and performance standards for small wind turbines to be eligible for the 30% investment tax credit.


Hot Times North Of The Border: Canada Tops Previous Record For Installed Wind Capacity

For the second consecutive year, Canada's wind market has bested the country's previous mark for new installations.


Report: Policy Uncertainty Fuels Market Exodus As Firms Bolt North American Wind Industry

The global wind energy supply chain has yet to recover from the slump that began in 2013. In fact, many segments are undergoing a transformation, according to market research firm FTI Consulting.

Hybrid Energy Innovations 2015