President Obama addresses the audience at Cree
The following excerpt is from a White House press release subsequent to President Obama’s visit to Cree, an LED manufacturer in North Carolina. This Public Policy webpage entry is not meant to highlight or endorse one particular manufacturer; it is meant to illustrate the President’s Better Buildings Initiative, which supports energy retrofits, and, in turn, supports the lighting industry. As we are all aware, most new construction must meet strict energy codes such as ANSI/ASHRAE/IES Standard 90.1 or the IECC, but existing buildings are the low hanging fruit that can produce immediate reductions in energy consumption and huge savings in energy cost for building owners.
Obama also touted his new Better Buildings Initiative, which aims to help business owners upgrade buildings for energy efficiency. It’s a move the president says could save America’s businesses up to $40 billion a year on their utility bills.
“And obviously that $40 billion could be better spent growing and hiring new workers. It will boost manufacturing of energy-efficient products like those made here at Cree. It will put contractors and construction workers back on the job. It is a win-win-win-win proposition.”
See a full transcript of the president’s remarks here.