CHU Tells CEOS US Not Turning "Its Back On Coal."

October 19, 2009

The AP reports Interior Secretary Ken Salazar "has told a North Carolina meeting of corporate CEOs the Obama administration is clearing away red tape to speed progress on alternative energy production. Salazar spoke Friday to the Business Council, a group of 150 chief executive officers formed during the Great Depression to advise the federal government." Energy Secretary Chu "also was scheduled to speak to the group about the nation's energy needs."

MYNC reported Secretary Chu "said finding cleaner ways to generate electricity is good, but America also needs greener ways to generate its current electricity sources. 'The United States is not going to turn its back on coal,' Chu said. 'Fifty percent of our electricity is generated by coal. The industry will not develop that technology, but we have to partner with the industry to develop it.'"