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Obama's energy plan faces doubters

Post Time:Mar 30,2009Classify:Industry NewsView:101

Indianapolis-based Earth-Solar Technologies Corp. has enjoyed a steady increase in interest in its solar energy systems since starting up two years ago.

And business will only get better if Congress passes the Obama administration's plan to curb global warming by making it more expensive to emit greenhouse gases.

"It's inevitable that the world is going to shift to renewable energy," said Keni Washington, managing director of the company that employs 20 people and hopes to hire hundreds more as business expands.

But while Indiana companies that tap into renewable energy sources or make energy-efficient products stand to gain from the president's "cap-and-trade" program, other employers -- particularly the state's energy-intensive manufacturers -- could find it more costly to do business, according to a March 30 article in the Louisville Courier-Journal.

Read a blog on Cap and Trade.

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