The ink was barely dry on the massive federal stimulus package signed by President Obama in Denver in February when the New Mexico State Legislature began pushing a measure intended to attract nearly half of the money just appropriated by the U.S. Congress for renewable energy projects nationwide.
Ill-fated beyond the state's borders, the measure nonetheless reflected the competitive scramble likely to follow the $787-billion American Recovery and Reinvestment Act. Renewable energy and so-called green initiatives are only a fraction of the bulging stimulus package that President Obama envisions creating or protecting 3.5 million jobs over the next two years. As part of it, he calls for a doubling of the amount of renewable energy produced in this country during the next three years.
People in the industry, indeed, appear to be gearing up for a new era in energy development.
To read the rest of the story, access the complete May issue, and get access to all digital archives, click here
Most Popular Stories
- Frightfully Fun Films Return for Halloween
- Hollywood Eager to Grasp Hispanic Market
- Cloud Lifts Microsoft's Quarterly Results
- Would Soccer Be Richer Without Small Clubs?
- Pfizer Approves $11 Billion Buyback Plan
- IS Funded by Black Market Oil Sales, Racketeering
- Weekly Jobless Claims Rise but Remain Low
- Sears Denies Store Closings, Layoffs Report
- Cape Cod Building Mussel Industry
- Teresa Giudice Must Serve Time in Prison