Testing Post 3
If it’s a U.S. industry that has the potential to be cleaner and greener, chances are the Obama administration has already set aside some stimulus money for it. In February 2009, the new president signed the $787 billion American Recovery and Reinvestment Act into law. Besides creating jobs, the bill promises to spur American companies to greener heights through investments totaling over $75 billion.
According to Environment America, a federation of state-based environmental advocacy groups, the stimulus package includes $32.8 billion for clean energy projects, $26.86 billion for energy efficiency initiatives and $18.95 billion for green transportation. Some of the key green features of the bill include accelerating the deployment of “smart grid” technology (systems of routing power in ways that optimize energy-efficiency), providing energy efficiency funds for schools, offering support for governors and mayors to beef up energy efficiency in private homes and public buildings, and establishing a new loan guarantee program to help renewable energy producers survive in down economic times.