Dow repeats call for new US energy policy

13 November 2008 16:50  [Source: ICIS news]

HOUSTON (ICIS news)--US major Dow Chemical repeated on Thursday its call for the US to adopt a comprehensive energy policy, as the nation prepares for a new president and several new legislators.

The company's proposal, which it bills "Dow's Energy Plan for America", calls for the US to encourage aggressive energy efficiency and conservation.

Dow's plan also calls for reducing greenhouse-gas emissions, increasing both the supply and diversity of domestic energy supplies and accelerating the development of alternative and renewable energy.

"The US is on course to spend more than $500bn (€400bn) per year to import oil - nearly the amount authorised one time for the financial rescue package recently passed by Congress," Dow CEO Andrew Liveris said in a statement.

“Greater energy efficiency coupled with an acceleration of alternative sources of energy, including renewables, clean coal and nuclear, with increased domestic, environmentally friendly production of oil and natural gas, should be the major touchstones of any comprehensive strategy," Liveris said.

“The new administration and Congress will need to implement a plan that includes all possible options to meet the energy challenges facing the US,” he said.

Liveris has been calling for a better US energy policy for at least four years.

Liveris last exhorted the US government to do something about energy in September, during a presentation before the Detroit Economic Club.

($1 = €0.80)

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By: Al Greenwood
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