Proposed Obama Energy Initiatives
Senator Barack Obama's victory in Tuesday's presidential election brings the prospect of significant changes in energy policy and regulation in the United States. The attached memorandum briefly summarized the significant new energy initiatives on which Senator Obama focused in the campaign including:
- a mandatory cap-and-trade system for emissions
- new renewable energy standards for utilities
- increased regulation of energy trading and markets
- programs to increase electric grid reliability
- efficiency and conservation initiatives
- measures to promote domestic oil and natural gas production.