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Oil spill highlights the need for green energy investment

Category: green investments – Tags: , , – glenn333 –

A senior American energy official says the BP oil disaster in the Gulf of Mexico dramatically illustrates the need for investing in renewable sources of energy.

David Sandalow, a US assistant energy secretary, said yesterday that the oil spill is a “tragic situation” that “underscores the need for a transition to a clean energy economy.”

Sandalow was speaking during a meeting of international officials in Abu Dhabi, the capital of the United Arab Emirates. The oil-rich sheikdom is investing heavily in renewable energy projects.

This week’s meeting is meant to lay the groundwork for a clean energy summit to be held in Washington next month.

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