By RTCC Staff
President Obama has called on the US to “wean itself off” fossil fuels, during a campaign speech in North Carolina.
Speaking at a Daimler factory, Obama said tackling high fuel prices meant improving efficiency and exploring clean energy technologies.
“It’s going to take us a while to wean ourselves off of the old and grab the new,” said Obama.
“We’ve got to develop every source of American energy – not just oil and gas, but wind power and solar power, nuclear power, biofuels. We need to invest in the technology that will help us use less oil in our cars and our trucks, in our buildings, in our factories. That’s the only solution to the challenge. Because as we start using less, that lowers the demand, prices come down.”
The cost of a gallon of gasoline has risen $0.48 since the turn of the year making energy a hot topic in this year’s election.
Obama dismissed the policy as “phony election-year promises”.
The President also repeated his call for an end to fossil fuel subsidies.
“It’s time to end that taxpayer giveaway to an industry that’s never been more profitable, [and to] invest in clean energy that’s never been more promising,” said the President.
The US is the second largest emitter of CO2 in the world. A third of these are from transportation.