President Obama and a New Direction for the U.S.
President Obama and a New Direction for the U.S.
In President Obama’s first speech from the Oval Office of the White House on the evening of Tuesday, June 15th, 2010, he emphasized the importance of a new direction for the United States on developing energy policy for a clean-energy economy. He strongly voiced the need for a national imperative to seize this moment of environmental tragedy with the Gulf oil spill and turn it into an opportunity for action. (Read the full speech here: http://www.whitehouse.gov/the-press-office/remarks-president-nation-bp-oil-spill)
His speech was inspiring and COEJL looks forward to working with the administration and other Jewish and non-Jewish environmental organizations in mobilizing our constituents to live more efficiently, paving the way to a more sustainable society. Putting a price tag on carbon to create a financial incentive market for energy savings and financially helping those most vulnerable around the world adapt to global climate change and drastic changes in their habitat are key to this broad-based effort. Additionally, we must focus on international standards and goals for carbon emissions reduction and developing a comprehensive plan of action to repair the damage in the Gulf.
Regarding the Gulf clean-up efforts, the President made it clear that his administration would put tremendous pressure on BP for damages to the environment and to all affected parties, requiring the corporation to create a relief fund for devastated people, industries, and communities that will be administered by an impartial third party. Kenneth Feinberg, the Washington lawyer who oversaw a similar fund for victims of the Sept. 11 terror attacks and who more recently was the Obama administration’s special master for executive compensation has been selected to serve in that role.
As of Wednesday, June 16, 2010, BP and the administration agreed that the company will place $20 billion in an escrow account for such claims. This new fund will provide fund for claims for damages and is separate from funds being paid to those filing for damages in court. BP has also suspended its quarterly dividend. Obama and key members of Congress in recent weeks have pressed BP to suspend the dividend payment and give assurances that the company will meet its commitments to Gulf coast residents and businesses economically harmed by the spill. (http://www.washingtonpost.com/wp-dyn/content/article/2010/06/16/AR2010061602614.html?hpid=topnews)
So far, BP has reportedly paid out $53 million in economic damage claims, mainly in initial checks of $2,500 or $5,000. Out of the 42,000 claims submitted, more than 20,000 have been paid, while no documented claims have been denied. Read more about it here: http://www.latimes.com/news/nationworld/nation/la-na-oil-spill-claims-20100614,0,4955544.story
President Obama also put the ball in the court of Congress to make history and pass long sought after comprehensive climate and clean energy legislation. The President said, “Last year, the House of Representatives acted on these principles by passing a strong and comprehensive energy and climate bill – a bill that finally makes clean energy the profitable kind of energy for America’s businesses. Now, there are costs associated with this transition. And there are some who believe that we can’t afford those costs right now. I say we can’t afford not to change how we produce and use energy – because the long-term costs to our economy, our national security, and our environment are far greater.”
Phil Schiliro, the White House congressional liaison, has told the Senate to aim to take up an energy bill the week of July 12, after the July 4th break. However, several bills have been introduced with varying approaches to carbon-pricing, including the recent bill by Senator Lugar which focuses on energy policy alone without carbon-pricing at all. The administration has said it will allow any final bills to be voted on after mid-term elections in November, so it is possible that we will not see progress until the fall.
COEJL urges Congress to move quickly and adopt comprehensive climate and energy legislation and considers the President’s speech and the recent agreement with BP to be important steps forward. If we are going to significantly reduce the number of parts per million of carbon-dioxide in our atmosphere, reduce our greenhouse gas emissions significantly by 2050, and protect creation from generation to generation, then the time to start is now. COEJL is doing this by reaching out through the community with our Jewish Energy Covenant Campaign. For although human nature has shown throughout history that tragedy and disaster often precede action, we cannot let this opportunity to create a new direction for ourselves and future generations pass.
We echo the President when he says, “The one answer I will not settle for is the idea that this challenge is somehow too big and too difficult to meet.” And we emphatically agree that, “It’s a faith in the future that sustains us as a people.”
This is our time. Join us in becoming more energy efficient and in ending our reliance on dirty fossil fuels by signing the Jewish Energy Covenant Campaign Pledge today at: www.coejl.org/covenant.
Blog.com entry: President Obama and a New Direction for the U.S.
In President Obama’s first speech from the Oval Office of the White House on the evening of Tuesday, June 15th, 2010, he emphasized the importance of a new direction for the United States on developing energy policy for a clean-energy economy. He strongly voiced the need for a national imperative to seize this moment of environmental tragedy with the Gulf oil spill and turn it into an opportunity for action. (Read the full speech here: http://www.whitehouse.gov/the-press-office/remarks-president-nation-bp-oil-spill)
His speech was inspiring and COEJL looks forward to working with the administration and other Jewish and non-Jewish environmental organizations in mobilizing our constituents to live more efficiently, paving the way to a more sustainable society. Putting a price tag on carbon to create a financial incentive market for energy savings and financially helping those most vulnerable around the world adapt to global climate change and drastic changes in their habitat are key to this broad-based effort. Additionally, we must focus on international standards and goals for carbon emissions reduction and developing a comprehensive plan of action to repair the damage in the Gulf.
Regarding the Gulf clean-up efforts, the President made it clear that his administration would put tremendous pressure on BP for damages to the environment and to all affected parties, requiring the corporation to create a relief fund for devastated people, industries, and communities that will be administered by an impartial third party. Kenneth Feinberg, the Washington lawyer who oversaw a similar fund for victims of the Sept. 11 terror attacks and who more recently was the Obama administration’s special master for executive compensation has been selected to serve in that role.
As of Wednesday, June 16, 2010, BP and the administration agreed that the company will place $20 billion in an escrow account for such claims. This new fund will provide fund for claims for damages and is separate from funds being paid to those filing for damages in court. BP has also suspended its quarterly dividend. Obama and key members of Congress in recent weeks have pressed BP to suspend the dividend payment and give assurances that the company will meet its commitments to Gulf coast residents and businesses economically harmed by the spill. (http://www.washingtonpost.com/wp-dyn/content/article/2010/06/16/AR2010061602614.html?hpid=topnews)
So far, BP has reportedly paid out $53 million in economic damage claims, mainly in initial checks of $2,500 or $5,000. Out of the 42,000 claims submitted, more than 20,000 have been paid, while no documented claims have been denied. Read more about it here: http://www.latimes.com/news/nationworld/nation/la-na-oil-spill-claims-20100614,0,4955544.story
President Obama also put the ball in the court of Congress to make history and pass long sought after comprehensive climate and clean energy legislation. The President said, “Last year, the House of Representatives acted on these principles by passing a strong and comprehensive energy and climate bill – a bill that finally makes clean energy the profitable kind of energy for America’s businesses. Now, there are costs associated with this transition. And there are some who believe that we can’t afford those costs right now. I say we can’t afford not to change how we produce and use energy – because the long-term costs to our economy, our national security, and our environment are far greater.”
Phil Schiliro, the White House congressional liaison, has told the Senate to aim to take up an energy bill the week of July 12, after the July 4th break. However, several bills have been introduced with varying approaches to carbon-pricing, including the recent bill by Senator Lugar which focuses on energy policy alone without carbon-pricing at all. The administration has said it will allow any final bills to be voted on after mid-term elections in November, so it is possible that we will not see progress until the fall.
COEJL urges Congress to move quickly and adopt comprehensive climate and energy legislation and considers the President’s speech and the recent agreement with BP to be important steps forward. If we are going to significantly reduce the number of parts per million of carbon-dioxide in our atmosphere, reduce our greenhouse gas emissions significantly by 2050, and protect creation from generation to generation, then the time to start is now. COEJL is doing this by reaching out through the community with our Jewish Energy Covenant Campaign. For although human nature has shown throughout history that tragedy and disaster often precede action, we cannot let this opportunity to create a new direction for ourselves and future generations pass.
We echo the President when he says, “The one answer I will not settle for is the idea that this challenge is somehow too big and too difficult to meet.” And we emphatically agree that, “It’s a faith in the future that sustains us as a people.”
This is our time. Join us in becoming more energy efficient and in ending our reliance on dirty fossil fuels by signing the Jewish Energy Covenant Campaign Pledge today at: www.coejl.org/covenant.





