White Hosue Says $4 Billion in Clean-Energy Commitments Secured

Wednesday 24 June 2015

The White House has secured at least $4 billion in commitments from private companies and foundations to invest in clean energy technology, double the goal it set in February.

Encouraging private investment in clean energy is part of President Barack Obama’s attempt to promote “a low-carbon energy future,” Brian Deese, a senior adviser to Obama, said.

In addition to the private funding commitments, the Energy Department is creating a central location to distribute information about energy and climate change programs, including research done by national laboratories, to help investors, U.S. Energy Secretary Ernest Moniz said at a news conference Monday.

The financial commitments were made by the Goldman Sachs Group Inc., the University of California, and other foundations and investors, according to the White House.

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