In between inventing new words, like normalcy, looking simian and generally embarrassing himself with quotations like “More and more of our imports come from overseas”, George Dubya has decided to ape the Canadians and set up his own green tech fund with $2 billion.
Bush made the announcement in his state of the union address, which went a bit like this:
Together we should take the next steps: Let us fund new technologies that can generate coal power while capturing carbon emissions. Let us increase the use of renewable power and emissions-free nuclear power. Let us continue investing in advanced battery technology and renewable fuels to power the cars and trucks of the future. Let us create a new international clean technology fund, which will help developing nations like India and China make greater use of clean energy sources. And let us complete an international agreement that has the potential to slow, stop, and eventually reverse the growth of greenhouse gases.
This agreement will be effective only if it includes commitments by every major economy and gives none a free ride. The United States is committed to strengthening our energy security and confronting global climate change. And the best way to meet these goals is for America to continue leading the way toward the development of cleaner and more energy-efficient technology.
It’s all a bit broad-brush strokes from Bush Jr – no real details on what type of tech will be backed – mind you, can you image George even being able to say photovoltaic?